The Knight Commission on Intercollegiate Athletics today issued a report on the financing of college sports that calls for additional transparency and financial reforms.
Restoring the Balance: Dollars, Values and the Future of College Sports, the product of 18 months of study by the commission, includes three principles for reining in spending:
- Require that financial reports be public and transparent;
- Reward institutions that make academic values a priority; and
- Treat athletes as students first and foremost—not as professionals.
Specifically, the commission recommends that financial reports filed by each institution with the NCAA be made public, that teams only be allowed to compete in postseason championships if they achieve a 50 percent Academic Progress Rate (NCAA’s graduation measure), and that revenue distribution be more closely tied to academic values.
ACE President Molly Corbett Broad welcomed the commission’s report, saying in part, “In its new report, the Knight Commission builds on its previous research—as well as the good work of the NCAA and others—to lay out specific recommendations for enhancing transparency and accountability in the financing of intercollegiate athletics. I am extremely pleased to see that the academic enterprise and the well-being of student athletes are at the core of their proposals.”
The full report is available on the Knight Commission’s website.