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Big Ten and Big 12 Enter Historic Partnerships with PayPal to Enable Institutional Payments for Student-Athletes in New Revenue Sharing Model
PayPal Holdings, Inc. (NASDAQ: PYPL), a global leader in payments, today announced multi-year agreements with the Big Ten and Big 12 Conferences that will modernize the distribution of institutional payments from universities to student-athletes in a new revenue-sharing model.
PayPal to disperse revenue-sharing payments to athletes in Big Ten, Big 12; will not acquire naming rights
The Big 12's agreement is worth nearly $100 million over five years and was born in 2024 after PayPal entered into discussions to buy naming rights for the conference, sources told CBS Sports. The Big 12 opted not to pursue selling its naming rights, but this partnership was the result.
Under the new agreement, schools in both conferences will use PayPal to deliver secure and efficient payments directly to ...
A federal judge’s recent approval of the House settlement allows universities to directly pay student-athletes for the first ...
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