News & Brews – Which Line is it Anyway? FAQs for NCAA Financial Reporting
Originally published on June 18, 2020
Updated on February 28th, 2024
Collegiate athletics business offices often battle news headlines that don’t provide a complete and accurate story—making strategic and proactive financial communication extremely important.
Today on News & Brews, Ken and Katie are joined by their teammates Brendan and Shane for a special segment of News & Brews that we’re calling “Which Line is it Anyway?” Our collegiate athletics CPAs will share some of the frequently asked questions they’ve researched with the NCAA on behalf of clients over the years. The timing of this segment should help schools as they prepare for year-end financial reporting.
00:10 – Welcome & Introductions
00:33 – Background on NCAA Membership Financial Reporting System
02:08 – Guarantees on cancelled games
02:45 – Internal loans for operations
03:39 – Conference distributions
04:57 – Executive compensation excise tax
06:18 – Contract buyouts
08:26 – Sponsorship agreements
09:12 – Brews of the week
11:12 – Wrap-up
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