For decades, the NCAA's Membership Financial Reporting System has organized athletic department finances into a stable set of categories. Ticket sales, guarantees, media rights, and contributions each occupy a defined line, and every dollar an institution handled had an established place within the framework.
The House settlement introduced a category the framework did not anticipate. Institutions began compensating athletes directly, and that expenditure required its own designation. In FY2025 it received one: Item 44, Institutional NIL Revenue Share.
The reporting instruction is intentionally broad. This is the formal definition:
“Input institutional payments to student-athletes for use of Name, Image and Likeness (NIL) (including from institutional designee or contractor). Please include other direct institutional payments or additional benefits to student-athletes and/or student-athletes’ families not currently permitted or permitted prior to the House settlement approval.”
FY2025 represents the first reporting cycle in which this line exists. Of the 261 institutions with an FY2025 filing in the NILnomics database, sixteen reported an amount above zero. The aggregate reported figure is $54,170,822.