Rick Pitino Proposes $1.5M-$2M Salary Cap for College Basketball

St. John's coach suggests major conferences collaborate to implement a salary cap, aiming to stabilize the sport amid growing concerns over player endorsements and transfers.

Rick Pitino, St. John's head coach, suggests a $1.5-2 million salary cap for the Power 5 and Big East conferences in college basketball.
The proposal comes in response to the turbulent state of college sports, with issues like player endorsements and frequent transfers causing instability.
Pitino's suggestion follows a historic ruling by the National Labor Relations Board allowing NCAA athletes to potentially unionize.
The salary cap could pave the way for collective bargaining, offering a structured approach to athlete compensation.
Pitino emphasizes the need for a new structure in college basketball to preserve the sport and ensure its future stability.