UNLV Pitches $10 Million Sale of Basketball Team as NIL Costs Upend College Sports
Updated
Updated · Fox News · Jul 27
UNLV Pitches $10 Million Sale of Basketball Team as NIL Costs Upend College Sports
1 articles · Updated · Fox News · Jul 27
Summary
Josh Pastner said a donor could effectively "own" UNLV men's basketball for $10 million to $12 million, with the athletic department backing the pitch in promotional graphics.
The proposal is aimed at funding roster costs in the NIL and revenue-sharing era, as schools scramble for money to retain and attract players in an increasingly expensive market.
UNLV framed the offer around Las Vegas' sports boom, touting the Rebels' national-title history and the city's ties to NBA Summer League, the 2028 Final Four and possible NBA expansion.
The pitch lands as Congress weighs NIL legislation and critics including Nick Saban argue the current system has pushed college sports further toward donor-driven competition.