Power Four commissioners plea for help from Congress to regulate NIL, transfer portal

Name, picture and similarity He continues to blow college sports, and the commissioners of the NCAAA four conferences are desperate.

Greg Sunky, Jim Phillips, Tony Petitti and Brett Yormark have all was on the Capitol hill In order to talk to Congress how it can help regulate the Nile Transfer portal, the last of which is still a hit among athletes on colleges who want to achieve more money.

More than 1,000 divisions basketball players have entered the portal since it opened on March 24.

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One player even said he was entering the portal just 13 minutes after his team lost in March madness.

It becomes clear that the situation is out of control, and Yormark, Commissioner Big 12, was demolished by Bret Baier in a “Special Report” Thursday “, we need the assistance of the congress.”

“Where I sit today, a federal assumption, with a standardized platform that monitors and manages Nilo, is critically important,” Yormark said. “Today, 34 countries see it very differently, and it is relatively rude.”

“The amount of law adopted at the state level makes it difficult for us to regulate and competition at the national level,” added Big Teny Petitti Commissioner. Every time someone does not like a judgment or something comes from NCAA, we end up in a lawsuit. These rules are then collected and we return to the beginning.

“We hope that the combination of what we have done in the settlement will give us the opportunity, with the help of a congress, to really put a system in a place that has some stability.

“We crossed the bridge of willing to secure revenue … but we have to have a structure. We cannot have a system that has a completely unregulated movement.”

The settlement cited is $ 2.8 billion This enabled schools to pay 22% of their income from media rights, sales of tickets and sponsors directly to athletes at the faculties. Payments from external sources would still be allowed.

Nola.com noted that the settlement would offer more than $ 2.5 billion to athletes who could not make money before NCAA changed its rules 2021. The report also noted that most of the damage would be paid to former football and male basketball players of conference schools, because their sports bring most of the revenue.

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The settlement also invited to the clinic house to ensure that any NIL contract worth more than $ 600 associated with the FER market value in an attempt to prevent alleged paying contracts for playing.

“We absolutely understand the responsibility we have. Five hundred thousand student athletes used $ 4 billion a year for scholarships,” said the ACC commissioner. “This is the heart of the American, the Olympic Movement and the Olympic team. We feel like there is a better destination and stabilization, but we need help with congress and national legislation.”

Added Sankey, who runs the SEC, “to have World Series College to have a college of football playoffs at the national championship, you must have national standards.”

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Sankey and Phillips also cited the average lower grades by those who convey, and Phillips said it would be “sobering” when they get enough information to show that this is the case.

“When you look at the transfer of the GPA before the transfer opposite after, historically, there has been a reduction. The quality of that education can suffer, as loans are lost, as transmission has repeatedly begins to inhibit the ability to choose an academic program that can have the highest value and meaning to someone.”

Fox News’ Ryan Gaydos contributed to this report.

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