Spalding NCAA Basketball Hoop | $360 | Amazon
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Monday, March 30, 2020
Liberty University Reopens and to the Surprise of No One With a Brain, Students Start Getting Sick
Is it really that hard to err on the side of caution during a crisis? Doesn’t that seem like the bare minimum that can be done to keep the general public safe until the threat of a global pandemic passes?
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NCAA Reduces Distribution to Division I Schools to $225 Million Down From $600 Million
The National Collegiate Athletic Association has announced that the Board of Governors has voted unanimously to distribute $225 million in June to Division I member schools to specifically focus on supporting the college athletes. The previous revenue distribution for 2020 was budgeted at about $600 million scheduled to be released in April. Due to all remaining winter and upcoming spring athletic events being canceled and/or postponed because of the coronavirus pandemic, plans were altered.
“We are living in unprecedented times not only for higher education, but for the entire nation and around the globe as we face the COVID-19 public health crisis,” said Michael V. Drake, chair of the board and president of The Ohio State University in a written statement. “As an Association, we must acknowledge the uncertainties of our financial situation and continue to make thoughtful and prudent decisions on how we can assist conferences and campuses in supporting student-athletes now and into the future.”
In the decision for the reduction of funds, the Board of Governors stressed the importance of using the distributions to aid college athletes during the uncertainty of the current environment, as well as the importance of planning carefully with less revenue. The decision also allows the membership to engage in planning while the NCAA continues to work with its contractual partners.
The NCAA stated that of the $225 million distribution planned for the schools, $50 million will come from NCAA reserves. The NCAA also has a cancellation insurance policy that is worth $270 million and the proceeds when received will be used to pay off a line of credit that will cover the remaining distribution within 12 months.
“The Association has prepared for a financial catastrophic event like the one we face now,” Drake said. “While we certainly have challenges ahead, we would be in a far worse position had it not been for this long-standing, forward-focused planning.”
For this year’s Division I distribution, $53.6 million will go through the Equal Conference Fund, which is split equally among the Division I basketball-playing conferences that meet the athletic and academic standards to participate in the men’s basketball tournament. The rest will be proportionally distributed through the remainder of all other available funds. The funds will be unrestricted to provide latitude to conferences.
“Our priority is to ensure that we are able to support student-athletes and continue to provide opportunity as broadly as possible,” said Division I board chair Eli Capilouto, president at Kentucky.
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He Terrorized Poor Black Women for Decades. Now, California's 'Grim Sleeper' Is Dead
Lonnie Franklin Jr., the convicted serial killer nicknamed “The Grim Sleeper,” was found dead in his prison cell this weekend in California’s San Quentin Prison.
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It’s Time for America to Do the Right Thing and Quarantine Trump’s Press Conferences
On Sunday, the president of people who didn’t wash their hands before the coronavirus and probably still don’t held a rally disguised as a press conference in which he rated questions on a scale of nice and ugly, berated a reporter for quoting him and continued to lie to the American public about what he did and…
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