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Could a lawsuit filed by the attorneys general of Virginia and Tennessee further erode, or even end, the NCAA’s regulatory role in college athletics? If so, it would be a victory for the students whose sweat on the field and the court earns the NCAA and its member schools billions each year.
The NCAA’s end seems closer than ever after a judge last week issued a preliminary injunction against the organization, halting its enforcement of rules that allow students to earn money based on their name, image and likeness, also known as NIL.
“Colleges and universities benefit dramatically from the success of their student athletes,” Virginia Attorney General Jason Miyares said in a news release in January announcing the lawsuit. “It’s only fair that student athletes also get the full picture of how they may benefit from their choice of school as well.”
How dramatically do they benefit? According to revenue numbers from USA Today covering the 2022-23 year, the athletics programs at public universities in only two conferences — the SEC and Big 10 — collected $2.17 billion and $2.04 billion in revenue, respectively. Some 22 schools, including the University of Virginia ($162 million), topped $150 million in revenue. Virginia Tech collected $113 million; Old Dominion generated $53 million.
While there have always been haves and have-nots in college sports, the explosion of television revenue from football and men’s basketball means schools, especially in major conferences, are raking in more money than ever.
Yet, until recently, the athletes themselves were compensated only through scholarships — and only a fraction of roughly 500,000 students who compete under the NCAA umbrella enjoyed even that. The NCAA prohibited athletes from trading in on their prowess and popularity, meaning a fan could buy a $100 replica of their favorite player’s jersey but the player wouldn’t see a dime.