National Collegiate Athletic Association

The National Collegiate Athletic Association (NCAA) is a nonprofit organization that regulates student athletics among about 1,100 schools in the United States, and one in Canada. It also organizes the athletic programs of colleges and helps over 500,000 college student athletes who compete annually in college sports. The organization is headquartered in Indianapolis, Indiana.

Until 1957, the NCAA was a single division for all schools. That year, the NCAA split into the University Division and the College Division. In August 1973, the current three-division system of Division I, Division II, and Division III was adopted by the NCAA membership in a special convention. Under NCAA rules, Division I and Division II schools can offer scholarships to athletes for playing a sport. Division III schools may not offer any athletic scholarships. Generally, larger schools compete in Division I and smaller schools in II and III. Division I football was further divided into I-A and I-AA in 1978, while Division I programs that did not have football teams were known as I-AAA. In 2006, Divisions I-A and I-AA were respectively renamed the Football Bowl Subdivision (FBS) and Football Championship Subdivision (FCS). In its 2022–23 fiscal year, the NCAA generated $1.28 billion in revenue, $945 million (74%) of which came from airing rights to the Division I men's basketball tournament.

Controversially, the NCAA substantially restricts the kinds of benefits and compensation (including paid salary) that collegiate athletes could receive from their schools. The consensus among economists is these caps for men's basketball and football players benefit the athletes' schools (through rent-seeking) at the expense of the athletes. Economists have subsequently characterized the NCAA as a cartel. In 2021, the Supreme Court of the United States unanimously ruled that some of these NCAA restrictions on student athletes are in violation of US antitrust law. Provided by Wikipedia