per Football Scoop;
Texas will soon begin paying each of its student-athletes $10,000 a year to cover cost of attendance and likeness rights, athletics director Steve Patterson revealed at a Big 12 college sports forum in Washington on Tuesday.
The $10,000 will be split evenly, $5,000 apiece, between cost-of-attendance and payment for the University’s use of the athlete’s name and likeness (the figure U.S. District Judge Claudia Wilken set in her O’Bannon trial ruling in August). (Cost-of-attendance, of course, varies from school to school and, thus, no uniform figure has been set since schools gave themselves the ability to provide COA stipends.) The total for all UT athletes adds up to $6 million a year.