The NCAA Board of Directors announced that they will begin distributing funds for academic achievements starting with the 2019-20 Division I Men's Basketball Season. The funds come as a part of the new TV deal signed with CBS and Turner to broadcast March Madness tournament games. That deal is said to bring the NCAA over $1 billion annually.
The requirements to receive funding are said to be fair, giving institutions with lower admissions requirements and limited resources a legitimate chance to receive the benefits. That being said, it is estimated that around 66% of the 349 Division I schools will be eligible to receive benefits. That would amount to around $55,000 per school in '19-'20 season and nearly $550,000 per school by the 2032 season.
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