‘Stop playing games’: SEC reportedly considering luxury tax for schools that overspend on players

The SEC might be borrowing an idea from professional sports. The conference is reportedly considering a luxury tax on schools that spend more on their players than the revenue-sharing cap allows. A working group of SEC athletic directors, university presidents, and general counsels has been discussing the idea for the past few weeks. The league could vote on it soon, with the hope of having it in place before football’s early signing period in December. The revenue-sharing cap Under the House v. NCAA settlement, schools are allowed to pay their athletes directly through revenue sharing, up to a set cap.