Senators still working with SEC, Big Ten on issues involved in college sports bill
Summary
Senators are negotiating with leaders of the Southeastern and Big Ten college sports conferences to revise a bill called the Protect College Sports Act. They aim to resolve disagreements and bring the bill to a vote before the Senate’s summer break next week.Key Facts
- The bill aims to regulate college sports and is called the Protect College Sports Act (PCSA).
- Sponsors Sen. Ted Cruz and Sen. Maria Cantwell want a vote on the bill before August 7.
- A major proposal includes creating a $20 million “retention pool” to help schools keep players from leaving.
- This retention pool would double the current revenue-sharing salary cap of $21.3 million for schools this year.
- The conferences want to know if this increase affects rules about third-party payments to players or conflicts with a $2.8 billion House lawsuit settlement.
- Issues like antitrust protection and state law preemption remain unresolved and are important to the conferences and NCAA.
- Negotiations also cover flexibility on how many Olympic and women’s sports programs schools must have and rules on expanding leagues to 19 teams.
- There is draft language to stop private equity investors from paying schools to form a new "super league."
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