According to Steve Berkowitz of USA Today, the NCAA will disburse $200 million in April to Division 1 schools. The case-by-case payments will range from $1.3 million to $165,000.
Under a plan approved a year ago by the NCAA Board of Governors and the Division I Board of Directors, the amounts are based on the number of athletic scholarships the schools provided during the 2013-14 school year. Schools received credit for one scholarship for every set of partial awards that added up to the equivalent of a full scholarship.
Given the biggest money will go to the biggest schools, it's unsurprising to see Ohio State (404 scholarships) lead the pack at $1.3 million.
Big Ten schools Michigan, Penn State, Michigan State, Minnesota and Wisconsin will also receive more than $1 million, along with Stanford, Virginia, and North Carolina.
The NCAA will monitor the funds, which come from a "liquidation type of endowment that had grown to more than $360 million." The NCAA expects the money to be spent to "the direct benefit of the student-athlete and their academic success."
