Can't link as it's a paid site. But this is all but the end. "All new revenue", I think meaning from a given point, any additional money brought in, EG. the next years media contract is subject to this. And they did amend to to make sure the non-revenue sports are protected, so all money will not only go to football and basketball.
WSJ Saturday, June 3, 2023
California lawmakers have moved onto the next big battleground in the convulsive world of college sports: sharing the industry’s wealth with athletes. California’s state Assembly on Thursday passed a bill to require universities in the state to use all new athletic revenue generated by sports such as football and basketball to pay players. It could give athletes a slice of tens of millions of dollars each year and has already set off alarm bells for college sports officials. The institutions that control college sports view the California legislation as the most imminent threat yet to their vision of amateur athletics. College sports has been rocked by changes to rules that have undermined its longtime version of amateurism, which long involved awarding scholarships but prohibiting almost any other kind of payment to athletes. In the last four years, states—led by California— Please turntopageA5
WSJ Saturday, June 3, 2023
California lawmakers have moved onto the next big battleground in the convulsive world of college sports: sharing the industry’s wealth with athletes. California’s state Assembly on Thursday passed a bill to require universities in the state to use all new athletic revenue generated by sports such as football and basketball to pay players. It could give athletes a slice of tens of millions of dollars each year and has already set off alarm bells for college sports officials. The institutions that control college sports view the California legislation as the most imminent threat yet to their vision of amateur athletics. College sports has been rocked by changes to rules that have undermined its longtime version of amateurism, which long involved awarding scholarships but prohibiting almost any other kind of payment to athletes. In the last four years, states—led by California— Please turntopageA5
