UCLA could distribute at least $20 million a year to its more than 600 athletes
LA TimesThe historic House vs. NCAA settlement that established $2.8 billion in back pay for lost name, image and likeness deals and established a framework for revenue sharing between athletic departments and college athletes also prompted more questions than answers. Furthermore, UCLA said the revenue cap of 22% could amount to distributions totaling $20 million to $22 million per year among its more than 600 athletes. “With finite resources, an investment in revenue sharing will greatly alter our financial outlook, and we anticipate important discussions with campus leadership around equity, who will receive these new benefits, and how we remain both competitive and fiscally sustainable,” the UCLA spokesperson said. “Our student-athletes and their holistic development remain at the core of everything we do, and we will continue to support and develop them while investing in priority areas of academics, nutrition and mental health resources.” UCLA’s athletic department was already on tenuous financial footing. That’s on top of the $10.32 million per year that UCLA has committed to spending on enhanced nutrition, mental health and academic tutoring and increased chartered flights as part of its move to the Big Ten Conference.