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College Sports Act

Hawkangler

Hawkangler

All-Conference
Mar 16, 2014
2,176
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Senate passed the Save College Sports Act last night in significant bipartisan fashion. I believe they got 77 yeas.

Key points I can remember:

- 5 in 5 stays
- Cap spending is $49.5M of which, $5M must be spent on olympic sports. Not sure how much is profit sharing vs.NIL. (I still think this is a high mountain to climb for Iowa)
- One transfer without penalty, 2nd transfer
player must sit out a year
- tried to cap coaches salary at $5M but it did not pass as an amendment.

There may have been other items, just can't recall.

Almost forgot, still has to be approved by the house.

Edit: Agents must register and compensation capped at 5%.
 
Last edited:
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kmurpny

Sophomore
Jul 22, 2006
164
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OnlyTheObscure said:
Cap those players but not the coaches. lol.

if a school wants to bankrupt itself, let them.
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The schools currently spending near the cap aren’t going to go bankrupt. This very high cap though, is likely good for them as it would seem to putt the brakes on the rate of growth. It’s irrelevant, it seems, for the majority of schools like Iowa.
 
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rchawk

rchawk

Heisman
Oct 27, 2001
75,067
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Hawkangler said:
I think the one transfer rule is huge. If a player has to sit out one of his five years he will think hard about the second move. Should help stabalize rosters also.
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Absolutely agree angler. From what I've read it will be lucky to get out of committee in the House. The time between mid-term elections and the new congress is pretty short,. Without going off topic they do have pretty important legislation to decide.
 
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Grayhair1981

All-Conference
Sep 3, 2006
1,079
2,048
113
Hawkangler said:
Senate passed the Save College Sports Act last night in significant bipartisan fashion. I believe they got 77 yeas.

Key points I can remember:

- 5 in 5 stays
- Cap spending is $49.5M of which, $5M must be spent on olympic sports. Not sure how much is profit sharing vs.NIL. (I still think this is a high mountain to climb for Iowa)
- One transfer without penalty, 2nd transfer
player must sit out a year
- tried to cap coaches salary at $5M but it did not pass as an amendment.

There may have been other items, just can't recall.

Almost forgot, still has to be approved by the house.

Edit: Agents must register and compensation capped at 5%.
Click to expand...
And the house is in recess until after the election.
 
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