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

What's next for the Warriors at the shooting guard spot after De'Anthony Melton's injury?

SAN FRANCISCO — In the last week, De’Anthony Melton went searching for extra medical advice about his...

Nina Wilson on Maddy Cusack's tragic death and why she has quit playing: 'It can happen again'

She speaks from the heart, as a close friend of Maddy Cusack, and starts to explain why...

The win record sets UConn's Geno Auriemma apart. But his players' legacies tell his greatness

STORRS, Conn. — If you thought UConn coach Geno Auriemma would immediately get all emotional and sentimental,...

Arsenal's start has been unusually tough, so is this the moment their season really begins?

After flying out of the blocks in their 2022-23 title challenge, Arsenal have made more stuttering starts...

Maple Leafs report cards: Gritty effort earns shutout win over Golden Knights

What a fun game to watch.The Toronto Maple Leafs’ “draft and develop” ability was on full display...

Paul George reinjures knee as 76ers lose again to fall to 2-12

In their first game with stars Paul George, Joel Embiid and Tyrese Maxey healthy at the same...

Warriors' De'Anthony Melton to undergo season-ending left knee surgery

The Golden State Warriors’ early-season momentum was dealt a significant blow Wednesday as the team announced guard...

Rob Manfred gives Rays 2026 deadline for stadium plan, says league expansion still proceeding

NEW YORK — The Tampa Bay Rays likely need a plan for their permanent home no later...