The Big Ten and SEC are officially endorsing a bipartisan compromise to cap college sports revenue sharing.
Missouri Senator Eric Schmitt says that the agreement adds much-needed guardrails after years of court battles stripped the NCAA of its power.
“There's been all this litigation over the last decade that doesn't allow the NCA to have any rules or enforce any rules. You can't even enforce a five years of eligibility or people are transferring every six months," Schmitt says. "So, what we want to do is provide civil. You can transfer once, but also part of that is having a cap, like either revenue shared for players to be paid.”
Schmitt says that he has secured the support of the power conferences to bring expected stability to uncontrolled player transfers.
“College force is uniquely American. We've got this runaway system right now where unlimited transfers, there's no certainty," Schmitt explains. "Eligibility is always in flux. We want to provide stability there and also allow them to maximize revenue.”
Schmitt is now encouraging his senate colleagues to pass the Protect College Sports Act.
“Say you develop a defensive lineman, Mizzou has done very well with that or a running back. You don't have to dip into that $20 million. You can use that to retain," Schmitt says. "And so, what that'll do is I think for fans, it'll be good. You get used to; you get players that there's a more continuity with teams.”
The bill heads to the full senate for a vote.
Missourinet