California bill calls for revenue sharing in college sports

PASADENA, Calif. — A California lawmaker introduced a bill Thursday that would require schools that play major college sports to pay some athletes as much as $25,000 annually, along with covering the cost of six-year guaranteed athletic scholarships and post-college medical expenses.

“This is an extremely competitive and comprehensive bill that I believe will provide the income and health services that our college athletes deserve.” Assembly Bill 252 — introduced by Holden, a Democrat whose district includes Pasadena — calls for Division I schools in California to share 50% of revenue with athletes who are considered to be undervalued because the amount of their athletic scholarships don't match their market value. That would mostly be aimed at athletes competing in revenue-generating sports such as football and basketball, but not exclusively.

Any excess revenue from the athletes' share would go into a degree completion fund that athletes would be eligible to draw from after they have graduated within six years.

Source: Law Daily Report (lawdailyreport.net)

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