SEC Considers Luxury Tax on College Football Programs That Overspend on Players: Report

College football is going through a major financial change, and the SEC is trying to find a way to bring some order to it. With schools now able to pay athletes directly, programs are trying to figure out how much they can spend on their rosters. The SEC is now considering a luxury tax for schools that spend more than the allowed limit. According to Pete Thamel and Mark Schlabach, a special committee made up of university presidents, athletic directors, and legal experts has been discussing the idea for weeks.