What Alabama AD Greg Byrne said about House v. NCAA settlement
Judge Claudia Wilken approved the House v. NCAA settlement on Friday night, which marked a landmark decision for collegiate sports. Alabama athletic director Greg Byrne was ready.
Beginning July 1, schools will be able to share revenue, worth an expected $20.5 million, with their student-athletes. Football is expected to receive at least 75 percent of the revenue share funds, and the total amount shared will increase annually. The NCAA will also be responsible to pay for $2.776 billion in back damages to former athletes over the next decade.
The House v. NCAA settlement also imposes new restrictions, as all third-party NIL deals of $600 or more must by approved by the clearinghouse, “NIL Go,” run through Deloitte. If not approved, a third-party arbiter could deem athletes ineligible or schools could be fined.
Roster limits are also part of the new settlement approval on Friday evening. Proposed rosters include football (105), men’s and women’s basketball (15), baseball (34) and softball (25).
In a statement released on Saturday morning, Byrne had been preparing for the changes.
“One of the biggest transformational changes in college athletics is upon us, and Alabama Athletics has been planning for this day and making decisions that best position our department for long term success,” Byrne said. “Approval of the House settlement offers stability going forward, which is something that is much needed.
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“We’re extremely proud of the world-class resources our student-athletes receive and will now add to that by offering new scholarships while fully funding revenue sharing.
“In addition, our student-athletes have the distinct benefit of Yea Alabama, which focuses on creating authentic NIL opportunities powered by both the Alabama and student-athlete brands. Crimson Tide Sports Marketing and Learfield will also continue to cultivate local and national opportunities that greatly benefit our student-athletes.
“We have a long history of being one of the most successful athletics departments, and we will carry on that tradition as we enter this new world.
“Roll Tide!”
For full details on the House v. NCAA settlement, read the latest from On3’s Pete Nakos.
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