All current members of the ACC, Big Ten, Big 12, Pac-12 and SEC are participating in the new revenue sharing model overseen by the College Sports Commission. Division I schools from other conferences can choose to “opt in” to revenue sharing and must formally do so by June 15, 2025, at which point a full list of participating schools will be made public.
Each year, schools outside of the ACC, Big Ten, Big 12, Pac-12 and SEC will have the option to opt in to or out of revenue sharing. These schools must notify the NCAA if they will opt in to (or opt out of) revenue sharing for the upcoming academic year by March 1 of each year. In order to opt out, an institution must have fulfilled any relevant obligations to student-athletes and all revenue sharing - or incremental increases in scholarship - must cease.
It is important to note that regardless of whether an institution opts in to revenue sharing, all Division I student-athletes will be subject to the new rules and requirements around third-party NIL deals.