As the College Football Playoff (CFP) wrapped up negotiations on its lucrative new media rights deal with ESPN, senior writer Heather Dinich quoted Knight Commission CEO Amy Privette Perko on the increased payout for the FBS conferences.
The article highlights Perko’s statement calling CFP revenue “FBS football’s exclusive and unrestricted revenue distribution plan” and noting that the influx of new revenue “must lead to new governance and management of the sport of FBS football and of the biggest pot of money in the history of college sports.The article further quotes from the statement: the statement read. “’… Spending data provide overwhelming evidence that a new financial framework for managing CFP revenue is desperately needed.It is time for the CFP, and the FBS conferences and institutions that receive these revenues, to establish new measures of accountability,’” Perko added, so that the $700 million in new, uncommitted revenue supports the core mission of college sports.’”
Read the article here.