NCAA Division I Board of Directors Finance Committee

The Board of Governors has fiscal responsibilities which include final approval and oversight of budgetary matters of Association-wide issues (e.g., tax returns, regulatory requirements, investments, Association-wide budgets). The Division I Board of Directors Finance Committee shall assist the Division I Board of Directors in providing oversight and approval for the Division I annual budget and allocation of Division I revenue distribution to membership. The Division I Board of Directors has final authority for all Division I budget matters and the Finance Committee reports to the Board of Directors. The Finance Committee has the following responsibilities and duties:

  1. Division I Program Budget. The committee will provide oversight and approval of the annual Division I program budget. This budget will include the Division I championship budget, which provides funds for championship event operations, per diem for membership and team travel related to championships. It will also include funds that are allocated to scholarship and grant programs specific to Division I.
  2.  Division I Revenue Distribution Policy. The committee will annually review and provide oversight for the Division I revenue distribution policy and process.
  3. Division I Revenue Distribution Funds. The committee will provide oversight for the allocation of the total Division I revenue distribution funds within the total amount established in the Association’s 10-year strategic financial plan that is approved by the Board of Governors.

NCAA staff is responsible for the operational implementation of the approved Division I program budget that falls under the purview of the Finance Committee. This includes reallocations of the budget during the fiscal year based on budget variances, changes in operational needs, and the ability to commit funds (i.e., contracts) per Association financial policy.

Committee Proceedings:

NCAA releases audited financial statement for fiscal year 2019-20

The NCAA this week released its fiscal year 2019-20 audited financial statement, which reinforced the value of the financial contingency plan that the Association used because of the COVID-19 pandemic.

DI Council introduces championships resource allocation legislation

The Division I Council introduced several pieces of legislation into the 2020-21 cycle that are intended to ensure resources for Division I championships are allocated appropriately. The Council met by videoconference Tuesday and Wednesday...

A look into the NCAA’s financial contingency plan

Before the COVID-19 public health crisis, no one anticipated March Madness being canceled, but the Association was prepared for such an unlikely possibility.

Division II evaluates impact of decreased revenue

As a result of the cancellation of the remaining winter and spring NCAA championships and subsequent budgetary impacts across the Association, Division II is projected to receive $30 million less than anticipated in 2020 from its annual NCAA revenue allocation.

Division III to experience $7.6 million deficit in 2019-20

Division III will experience a $7.6 million deficit for the 2019-20 fiscal year as a result of the cancellation of the remaining winter and spring championships.

NCAA presidents set revised financial distribution to support college athletes

In response to the cancellation of all remaining winter and spring NCAA championships, the Board of Governors voted unanimously to distribute $225 million in June to Division I members to specifically focus on supporting college athletes.

Toolkit aims to help schools with degree completion requirement

Schools looking for information about the new Division I requirement to provide men’s and women’s basketball players with funding to complete their degrees even after they leave school can find it all in one spot.

DIII committee proposes uses for new revenue

The Division III membership dues increase that will go into effect this year will generate more than $500,000 of additional income for the division — but how will that money be spent?

DIII member dues increase might take effect this year

The Division III dues increase that members adopted at the 2016 NCAA Convention may soon be implemented.


Subscribe to RSS - Finances