I Have attached an article concerning the BIG 12 Presidents and Chancellors approving the House vs. NCAA proposed settlement. I mentioned earlier that the ACC Presidents were meeting in Charlotte this week (On realignment Thread). We will likely hear that the ACC Presidents have approved the proposed settlement this week. If I understand correctly from the Ken Sugiura AJC article and the attached article, schools will have a Salary Cap of approximately 21 million dollars to pay athletes directly through the colleges. Some good comments in the attached article concerning this issue.
This is a guess, but I think GT has approximately 350 to 400 Student/Athletes. If GT can raise this kind of money for direct pay, we are talking about an average of $52,500 per athlete per year ($21 million/400). I realize they will not be paid on an average basis. I am sure Football and Basketball will receive a larger share of the pie. One of our Swarm members had information that showed Georgia Tech's current NIL fund at 4 million. So, GT has a long way to go in order to compete at the top. Also, according to the AJC, GTAA cleared 2 million last year while UGAA cleared 23 million. So, the pups are ready to roll in the new world.
As an old timer, I have a hard time imagining that GT might be paying $500,000 or a $1,000,000 per year for a highly rated quarterback. Some on the Swarm have expressed that they would not contribute to this total destruction of the Amateur Model. For me, I have to let this new world order in college sports sink in a little while before making any decision. I just noticed that I received an email from the GTAA today encouraging me to renew my contribution to the Scholarship fund.
This makes me think about Bobby Jones playing Pro Golf as an amateur for many years to demonstrate his appreciation of amateurism.