Arkansas to charge 3 percent fee on concessions to offset costs from House v. NCAA settlement

Date:

Share post:


Arkansas is asking fans to pay more for concessions ahead of rising expenses for the athletic department.

Arkansas athletics will charge a 3 percent fee on all concessions at home games beginning with Saturday’s game against Ole Miss, athletic director Hunter Yurachek wrote in an email to donors. The fee will help offset the costs of additional scholarships required by the upcoming House v. NCAA settlement, expected to be finalized in April and take effect before the next academic year.

As part of the settlement, schools are expected to share more than $20 million in television revenue with athletes.

“We must continue to maximize additional revenue opportunities while also being dutiful stewards of the resources which we have been afforded,” Yurachek wrote.

In September, Tennessee athletics announced it would add a 10 percent “talent fee” to ticket prices next year.

According to Yuracheck, Arkansas is also reviewing its budget and operation in search of identifying $15 million annually in savings and increased revenue.

Arkansas will also “reset” all seating at Bud Walton Arena for basketball games for the first time since the arena opened in 1993. The athletic department did a similar reset for baseball games in 2022.

Arkansas found more revenue by adding Tyson and Walmart logos to its field, which the NCAA approved for the first time in June.

Required reading

(Photo: Wesley Hitt / Getty Images)



Source link

Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Recent posts

Related articles

Rams’ Puka Nacua leaves Thursday practice with knee injury

LOS ANGELES – Second-year Los Angeles Rams receiver Puka Nacua left Thursday’s practice with a knee injury,...

The Angels, without a clear plan, nonetheless make offseason's first big splash

Hardly 12 hours had passed since the World Series ended. The smell of rancid champagne likely still...

College football Week 10 model projections: Predicted point differentials and totals for every game

It’s November and things are starting to get tight in college football. Not just in the playoff...

Jets vs. Texans predictions and live updates: NFL Thursday Night Football score, odds and latest

Despite it not being old, 13 ballots had it ranked as one of the five worst stadiums...

Penn State-Ohio State could've been prime time worthy. But Big Noon got dibs

STATE COLLEGE, Pa. — Mike Mulvihill, Fox’s president of insights and analytics, has seen photos of the...

Big 12: Games not compromised by helmet communication issues after concerns raised

The Big 12 announced Thursday that no helmet communication had been compromised amid concerns over a vulnerability...

Ruud van Nistelrooy states desire to remain at Manchester United ahead of Ruben Amorim appointment

Ruud Van Nistelrooy says he wants to return to being assistant manager at Manchester United once Ruben...

Betting for (by) dummies: Locking in the under on Penn State-Ohio State among a series of unfun unders

With the smell of late fall and fun-size Snickers in the air, our spooky correspondents Jon Greenberg...