SEC floats a tiered “luxury tax” on schools that spend past the $21.6 million revenue-share cap, with fines up to 10%
SEC cap idea, per Yahoo’s Ross Dellenger: Schools spending past the $21.6M revenue-share cap would be fined in tiers: under 1%, 1%, 3% and 10% for rosters over $70.5M (about $7M). Rates rise in later years. Still a proposal, not policy.
SEC cap idea, per Yahoo’s Ross Dellenger: Schools spending past the $21.6M revenue-share cap would be fined in tiers: under 1%, 1%, 3% and 10% for rosters over $70.5M (about $7M). Rates rise in later years. Still a proposal, not policy.
Source: Yahoo Sports · SEC’s proposed cap policy would penalize big-spending schools $7 million this year
