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Joined: 08/15/2014 Posts: 2623
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CA Senate Bill 1401, the "College Athlete Race and Gender Equity Act"

It appears the lawmakers in CA are not waiting for the NCAA to get their act together. The same guy that wrote the NIL law in CA has taken on revenue sharing.

As law, SB-1401 would create a revenue-sharing arrangement between California universities and athletes in the money-making sports, football and basketball. Millions of dollars typically used to support athletic department operations instead would be placed in "degree completion funds."

As I understand it, players would receive $25k per year as student/athletes and then the balance of the remaining funds after they graduate from the university. It appears revenue would be split 50%-50% between the athletes and the university in revenue generating sports. Athletes would not be considered employees of the universities under this plan.

Link: Bill designed to transform college sports in California will have massive implic

Posted: 05/13/2022 at 1:16PM


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