Memphis announces plans for cost of attendance stipends

Division athletic programs are taking big steps towards paying their athletes. The Power Five conferences were granted autonomy by the NCAA and they took the chance to start compensating their scholarship athletes. It seems like now that the smaller conferences are going to begin paying their athletes as well.

College Basketball Talk reported that Memphis is going to start offering a cost of attendance stipends to some of their athletes for the 2015-16 academic year. The school announced that its men’s and women’s basketball teams will be paying their athletes the full amount of $5,373.

Three other sports, football, women’s tennis, and volleyball, will all be receiving $3,000 as a stipend. Athletes participating in women’s equivalency (Olympic sports) will receive “a percentage equal to their grant and aid up to $3,000.” Memphis’s current plan leaves a host of men’s sports out for compensation, but the school will “revisit this process for the 2016-17 academic year.”

Stay with Campus Sports for the latest news on more possible compensation news in the future.

Can’t get enough of Campus Sports? Follow us on TwitterFacebook and Instagram to stay updated with the latest news and exclusive giveaways!

*Featured Photo (above) credit to USA TODAY Sports

Ohio State turns schedule poster into cool, animated video