article, excerpt:
...Each of the nearly 350 Division I schools will get an equal share of the money, meaning the schools will receive about $55,000 apiece, Kathleen McNeely said during a session at the National Association of College and University Business Officers’ annual meeting.
In a separate interview with USA TODAY Sports, McNeely said this pool of money will be in addition to the more than $500 million the association now annually distributes to Division I schools and conferences. It will begin in the NCAA’s 2015-16 fiscal year, which starts Sept. 1, and in the future will receive the annual inflationary increases that the NCAA’s other revenue distribution pools receive. The first payments from the new fund will occur in June 2016, McNeely said.....
...Each of the nearly 350 Division I schools will get an equal share of the money, meaning the schools will receive about $55,000 apiece, Kathleen McNeely said during a session at the National Association of College and University Business Officers’ annual meeting.
In a separate interview with USA TODAY Sports, McNeely said this pool of money will be in addition to the more than $500 million the association now annually distributes to Division I schools and conferences. It will begin in the NCAA’s 2015-16 fiscal year, which starts Sept. 1, and in the future will receive the annual inflationary increases that the NCAA’s other revenue distribution pools receive. The first payments from the new fund will occur in June 2016, McNeely said.....
