(Oklahoma State University Athletic Media Relations contributed to this story.)
STILLWATER — Oklahoma State University Athletics and Director of Athletics Chad Weiberg announced Wednesday, March 9 that beginning in the fall 2022 semester, Oklahoma State scholarship student-athletes will receive $5,980 annually in the part of the POSSE STAR Fund, it was announced today. The ability to pay out this money to student-athletes stems from last summer’s landmark Supreme Court decision in Alston v. NCAA.
The Alston decision by the nation’s highest court granted universities the ability to provide student-athletes with additional education-related benefits, including direct financial support in the form of awards for academic achievement, until legally established maximum of $5,980 per year.
These amounts are considered money to be spent or money reimbursed for student-athlete education costs. Most schools see it as a way to skip some of the illegal moves made by rivals with organized NIL war chests that look a lot like pay-for-play transactions.
Mark J. Rebilas – USA TODAY Sports
Weiberg, Gundy and Chairman Shrum at the PlayStation Fiesta Bowl.
Weiberg said Oklahoma State’s plan is for all scholarship student-athletes to receive the legally established maximum of $5,980 per year.
“Many of our student-athletes perform at a high level academically, as well as athletically. The Alston decision allows us to provide additional support to reward student-athletes who do well in the classroom,” Weiberg said. “We are fortunate and grateful to our POSSE members and donors who have taken their contributions to the next level to help provide these resources to help support our student-athletes.”
As of fall 2019, OSU has 11 different sports teams with GPAs of 3.0 or higher. In the past four semesters alone, nine different Cowboy and Cowgirl teams have set GPA program records.
Expect to see new efforts to improve NIL opportunities for Oklahoma State student-athletes, especially in the high-performance sports of soccer and men’s basketball. Oklahoma State has brought in two different outside companies to help with the organization and operation of NIL in Oklahoma State and with OSU athletes. These are the INFLCR and Altius.
The money used to fund the POSSE STAR fund will come from donations to POSSE, which exists to give Oklahoma State student-athletes the resources they need to reach their full potential, both in competition and in class. The POSSE exists through many additional and generous donations, but each football season ticket holder pays and receives a membership in the OSU POSSE.