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Penn Wrestling receives $20 million gift, to build new wrestling room at Weightman Hall


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Posted (edited)

Really great for the program. I was under the impression that the Ivy's could not compete in the NIL sweepstakes has that been lifted or are these funds going to go to facilities/scholarships?

 

Edit: I think a full ride to have a Penn degree is worth a lot more than money over 4-5 years for the most part.

Edited by Truzzcat
  • Bob 1

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Posted
1 hour ago, Truzzcat said:

Really great for the program. I was under the impression that the Ivy's could not compete in the NIL sweepstakes has that been lifted or are these funds going to go to facilities/scholarships?

 

Edit: I think a full ride to have a Penn degree is worth a lot more than money over 4-5 years for the most part.

Ivy League schools can't offer scholarships for sports. There is no "full ride". Anyone receiving scholarship money at these schools is entirely from financial need (they don't have any merit scholarships either).

They have opted out of NIL as well, but that does not stop the athletes from receiving independent NIL deals for sponsorships, etc. 

  • Brain 1
Posted
1 minute ago, wrestlingfan22 said:

Ivy League schools can't offer scholarships for sports. There is no "full ride". Anyone receiving scholarship money at these schools is entirely from financial need (they don't have any merit scholarships either).

They have opted out of NIL as well, but that does not stop the athletes from receiving independent NIL deals for sponsorships, etc. 

They can afford scholarships for sports, but choose not to provide them.  They do have a lot of financial aid for non wealthy students.  They look at sports as an extracurricular activity, belive it or not 

  • Bob 1
Posted

My wife had a doctor's appt at Weightman a few years ago and while checking out I asked the guy taking the information if he knew the names or accomplishments of any of the athletes pictured on the walls. He did not. I briefly mentioned he had walked by a picture of world and olympic champion Jordan Burroughs. He had no idea. I hope the day comes when this changes.

 

Posted
2 hours ago, The Kid said:

They can afford scholarships for sports, but choose not to provide them.  They do have a lot of financial aid for non wealthy students.  They look at sports as an extracurricular activity, belive it or not 

Good point. They can but collectively choose not to (same as not allowing any grad student athletes)

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