Iowa hires investigator to look into women’s gymnastics team culture.
Head coach Larissa Libby has been placed on paid administrative leave, not as a disciplinary measure but to protect the integrity of the review, the school said in a statement.
"Iowa has hired an independent investigator to look into the environment in the women's gymnastics program after members of the team and staff brought forward concerns regarding head coach Larissa Libby, the athletic department announced Thursday night."https://t.co/PGoAIKR3nB
Prior to the NCAA allowing NILs, the rap against March Madness (and college sports in general) was that the universities and organizing conferences were getting rich off lucrative TV contracts and corporate sponsorships. Meanwhile, the athletes — who are the show — weren’t paid and shared in none of the spoils.
Unlike professional leagues like the NBA, which must pay income taxes on the revenues they earn from TV contracts, ticket sales, and licensing merchandise, universities and athletic conferences including the NCAA can pocket the same income tax-free because of their tax-exempt status under section 501(c)(3) of the Internal Revenue Code. …
… college athletics earned upwards of $13.6 billion in total revenue in 2022 through various channels and entities, more than any professional sports league other than the NFL. …
NIL income has turned student athletes into paid athletes; the line between college sports leagues and professional sports leagues is thinning. If student athletes are taxed on their earnings, the NCAA and its brethren should be taxed on theirs.
The College Gymnastics Association is a nonprofit organization with the Mission “To raise the profile of the sport of NCAA Men’s Gymnastics by setting the standard for collegiate sports organizations and providing additional opportunities at the collegiate level.”
The CGA is the coaches association for NCAA Men’s Gymnastics. …
Ultimately, to protect and grow NCAA Men’s Gymnastics the CGA must be prepared to help sustain current programs and help create new ones. To do so, the CGA is looking to create a new business model built on multiple revenue streams and strong fundraising efforts. …
Fantastic article by CGA President, John Robinson. Inside Gymnastics Magazine | NCAA Men’s Gymnastics and the CGA: Why It Matters! https://t.co/7L3n8h6ImA