🏀 Stat of the Day: A growing number of D1 men’s basketball players are scoring big on and off the court.
At least eight men’s college hoops teams will have a roster making $10+ million in NIL earnings next season, with ~20 other schools in the $7 million—$9 million range, according to CBS Sports. That’s up from a grand total of $0 paid out to all 4,400+ D1 men's basketball players just five years ago.
Analysts largely attribute the rapid hike in roster costs to roughly a dozen richer schools aggressively chasing players with increasingly higher price tags since NIL was legalized in 2021, which caused a domino effect boosting NIL payments nationwide.
Big picture: While the exact figure is unknown, D1 men’s hoops programs have at least $325 million in combined NIL funds committed to players for next season, per conservative estimates.
🤔 Did You Know? Despite making up just ~2% of your body weight on average, the human brain uses around 20% of all oxygen you breathe and 20% of all energy you consume.
📰 Worth a Read: Cracking open evolution’s black box on ‘lizard island’
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