House interested in NCAA finances
WASHINGTON (AP) — The NCAA’s financial picture has drawn interest on Capitol Hill.
Two House members have introduced a bill to require the NCAA, schools, conferences as well as the College Football Playoff to reveal how much money is flowing through college sports. North Carolina Democrat David Price and Wisconsin Republican Tom Petri introduced the bill, saying in a statement it would allow “for the first apples-to-apples comparison” of revenues and spending throughout college sports.
The Standardization of Collegiate Oversight of Revenues and Expenditures Act would require the NCAA to make public a standardized financial report for itself and release similar information for schools that already report the data to the NCAA. It also would affect conferences and any entity hosting a postseason competition.