Texas Tech Prepares Revenue-Sharing Plan for College Sports Shake-Up

College sports are changing a lot right now, and Texas Tech University is putting in place a $20.5 million revenue-sharing plan. Kirby Hocutt, the athletics director, announced the plan in December. He made it clear that more than 91% of the money would go to football and men's basketball players since they bring in the most money.

"We've made NIL contracts for our student-athletes," Hocutt said. "Football players on next year's team will probably get contracts that cover tuition, room and board, and an amount that is unknown." These contracts will be handled by our in-house team, working with our coaching staff.

Of the 16 Tech sports teams, football and basketball players will get the most money, but all of them will get something. The plan will only work if the House v. NCAA deal is approved, which will happen on April 7. If passed, new rules about roster sizes and how to split profits will start on July 1.

Jonathan Botros, who is the deputy sports director at Texas Tech, said that the process was similar to how financial aid works now. Coaches who are used to giving out partial grants will now be in charge of NIL endorsements. Botros said, "We'll take care of contract execution, payments, and storage, making sure compliance and efficiency."

Texas Tech is a leader in this new age of college sports because it is proactive and finds a balance between financial fairness and competitive integrity.

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