Oklahoma State VP and Athletics Director Chad Weiberg Announces Revenue Sharing Sports

STILLWATER – Oklahoma State University President Dr. James Hess and vice president and athletics director Chad Weiberg were at Oklahoma State University-OKC for the final OSU/A&M Board of Regents meeting for the fiscal year. Part of the meeting had Weiberg advising the regents that Oklahoma State, in accordance with the House vs. NCAA settlement approval and the start of the new fiscal year on July 1, would pay revenue sharing to student-athletes in their seven ticketed sports. Those are football, men’s basketball, women’s basketball, wrestling, women’s soccer, softball, and baseball. Weiberg’s social media mesaage said other sports would get additional scholarship funding. The House vs. NCAA settlement and the corresponding decisions have the total amount that schools will pay athletes at $20.5 million.

Again, the most critical part of all this is not what sports will be included, but what the financial split will be. Most Power Conference schools are pushing 70-75 percent of the annual total to football. At most schools it is the major revenue producer and the sport that foot most of the bill for athletics. Generally, men’s basketball gets 10-15 percent, then any others share in the remaining 10-20 percent of the total. 

Jerod Hill/OSU Athletics

Cowboy football will get the biggest percentage or revenue share, but how much?

Oklahoma State football head coach Mike Gundy and his staff as well as men’s basketball head coach Steve Lutz and his staff were heavily invested in the NCAA transfer portal in making over the rosters in their programs. That can be costly. 

NIL will continue and will be critical in other sports not included in revenue sharing, but any NIL deal valued over $600 to the student-athlete will be reviewed by the new College Sports Commission and their software assist program NIL-Go. The power conferences including the Big 12 have agreed to abide by the CSC decisions.

Robert Allen - Pokes Report

Chad Weiberg

The regents won’t meet again until September, so gauging from what was done on Thursday with the University of Oklahoma Board of Regents and the announcement of the sports that OU would engage in revenue sharing, it made sense Oklahoma State would advise their regents. The action did not need regents approval. 

Some schools like Georgia and Baylor have gone public with the percentages they are paying major sports, but I wouldn’t hold my breath on getting that from Oklahoma State. Honestly, they shouldn’t announce that and they should do all they can to keep individual student-athlete “salaries” secret. That really is proprietory information that you don't want in the hands of your rivals.