Amateur Athlete Compensation Product Using Residual Value

Abstract

A computer-implemented method including, retrieving information indicative of aggregate income that is attributable to a plurality of collegiate sports teams and income that is attributable to a particular collegiate sports team in the plurality, and for the particular collegiate sports team, determining an athlete residual value that is at least partly based on the aggregate income that is attributable to the plurality of collegiate sports teams and the income that is attributable to the particular collegiate sports team in the plurality, determining, based on the athlete residual value, a portion of the aggregate income that is revenue shared with a particular athlete who is a member of the particular collegiate sports team, and causing the determined portion of the aggregate income to be placed in a student athlete retirement trust for the particular athlete.

1 - 20 . (canceled) 
     
     
         21 . A computer-implemented method comprising:
 retrieving by a computer information indicative of aggregate income attributable to a plurality of collegiate sports team, which is earmarked for amateur student athletes and a number of amateur student athletes participating in the collegiate sports teams;   determining, by the computer based on the aggregate income and the number of amateur student athletes, a portion of the aggregate income for a particular amateur student athlete;   causing the determined portion of the aggregate income to be placed in an amateur athletic trust account for the particular amateur student athlete; and upon receiving a request from the particular amateur student athlete to access funds in the amateur athletic trust account,   determining by the computer whether the particular amateur student athlete has amateur status that prevents withdrawal of the funds in the amateur athletic trust account by the particular amateur student athlete.   
     
     
         22 . A computer-implemented method comprising:
 retrieving by a computer information indicative of a designation of a portion of aggregate income of a college that is attributable to a plurality of collegiate sports teams and income attributable to a particular one of the collegiate sports teams;   for the particular one of the collegiate sports teams,   determining by the computer an athlete residual value that is at least partly based on a ratio of income attributable to the particular one of the collegiate sports teams to aggregate income attributable to the plurality of collegiate sports teams;   determining, based on the athlete residual value, a portion of the aggregate income that is revenue shared with a particular athlete of the particular one of the collegiate sports teams; and   causing the determined portion of the aggregate income to be placed in a student athlete trust for the particular athlete with the student athlete trust having amateur status restrictions that prevent accessing of funds in the trust while a student athlete.   
     
     
         23 . The method of  claim 22 , further comprising:
 receiving a request from the particular athlete to access funds in the student athlete trust; and   determining by the computer whether the particular athlete has amateur status restrictions that prevent accessing of the funds in the student athlete trust by the particular athlete.   
     
     
         24 . The computer-implemented method of  claim 22 , wherein a condition of the student athlete trust is that a trust beneficiary who is receiving a partial scholarship may later reimburse the college from proceeds in the trust for a portion of tuition that is not covered by the partial scholarship. 
     
     
         25 . The computer-implemented method of  claim 22 , further comprising:
 determining an amount of unpaid tuition that is due to the college by the particular athlete; and   causing a disbursement of funds from the student athlete trust to a financial account of the college for at least a portion of the unpaid tuition.   
     
     
         26 . The computer-implemented method of  claim 22 , wherein determining, based on the athlete residual value, the portion of the aggregate income that is revenue shared with the particular athlete comprises:
 computing the aggregate income that is revenue shared with a particular athlete as an amount of the aggregate income multiplied by the athlete residual value divided by a number of athletes on the particular collegiate sports team.   
     
     
         27 . The computer-implemented method of  claim 22 , wherein causing the determined portion of the aggregate income to be placed in the student athlete trust for the particular athlete prevents the particular athlete from being paid for participating in the particular collegiate sports team until the particular athlete reaches a specified age. 
     
     
         28 . The computer-implemented method of  claim 22 , further comprising:
 detecting that the particular athlete has reached a specified age; and   causing a disbursement of at least a portion of funds from the student athlete trust to the particular athlete.   
     
     
         29 . The computer-implemented method of  claim 28 , where the disbursement is a specified amount of funds that is less than a total amount of funds in the student athlete trust. 
     
     
         30 . The computer-implemented method of  claim 22 , further comprising:
 detecting that the particular athlete is not NCAA eligible; and   causing a disbursement from the student athlete trust to the particular athlete.   
     
     
         31 . The computer-implemented method of  claim 22 , further comprising:
 causing an early disbursement of at least a portion of funds in the student athlete trust to the particular athlete.   
     
     
         32 . An electronic system comprising:
 one or more processing devices; and   one or more machine-readable hardware storage devices storing instructions that are executable by the one or more processing devices to perform operations comprising:   retrieving information indicative of a designation of a portion of aggregate income of a college that is attributable to a plurality of collegiate sports teams and income attributable to a particular one of the collegiate sports teams;   for the particular one of the collegiate sports teams,   determining an athlete residual value that is at least partly based on a ratio of income attributable to the particular one of the collegiate sports teams to aggregate income attributable to the plurality of collegiate sports teams;   determining, based on the athlete residual value, a portion of the aggregate income that is revenue shared with a particular athlete of the particular one of the collegiate sports teams; and   causing the determined portion of the aggregate income to be placed in a student athlete trust for the particular athlete with the student athlete trust having amateur status restrictions that prevent accessing of funds in the trust while a student athlete.   
     
     
         33 . The electronic system of  claim 32 , wherein the operations further comprise:
 receiving a request from the particular athlete to access funds in the student athlete trust; and   determining by the computer whether the particular athlete has amateur status restrictions that prevent accessing of the funds in the student athlete trust by the particular athlete.   
     
     
         34 . The electronic system of  claim 32 , wherein a condition of the student athlete trust is that a trust beneficiary who is receiving a partial scholarship may later reimburse the college from proceeds in the trust for a portion of tuition that is not covered by the partial scholarship. 
     
     
         35 . The electronic system of  claim 32 , wherein the operations further comprise:
 determining an amount of unpaid tuition that is due to the college by the particular athlete; and   causing a disbursement of funds from the student athlete trust to a financial account of the college for at least a portion of the unpaid tuition.   
     
     
         36 . The electronic system of  claim 32 , wherein determining, based on the athlete residual value, the portion of the aggregate income that is revenue shared with the particular athlete comprises:
 computing the aggregate income that is revenue shared with a particular athlete as an amount of the aggregate income multiplied by the athlete residual value divided by a number of athletes on the particular collegiate sports team.   
     
     
         37 . The electronic system of  claim 32 , wherein causing the determined portion of the aggregate income to be placed in the student athlete trust for the particular athlete prevents the particular athlete from being paid for participating in the particular collegiate sports team until the particular athlete reaches a specified age. 
     
     
         38 . The electronic system of  claim 32 , wherein the operations further comprise:
 detecting that the particular athlete has reached a specified age; and   causing a disbursement of at least a portion of funds from the student athlete trust to the particular athlete.   
     
     
         39 . The electronic system of  claim 38 , where the disbursement is a specified amount of funds that is less than a total amount of funds in the student athlete trust. 
     
     
         40 . The electronic system of  claim 32 , wherein the operations further comprise:
 detecting that the particular athlete is not NCAA eligible; and   causing a disbursement from the student athlete trust to the particular athlete.   
     
     
         41 . The electronic system of  claim 32 , wherein the operations further comprise:
 causing an early disbursement of at least a portion of funds in the student athlete trust to the particular athlete.   
     
     
         42 . One or more machine-readable hardware storage devices storing instructions that are executable by one or more processing devices to perform operations comprising:
 retrieving information indicative of a designation of a portion of aggregate income of a college that is attributable to a plurality of collegiate sports teams and income attributable to a particular one of the collegiate sports teams;   for the particular one of the collegiate sports teams,   determining an athlete residual value that is at least partly based on a ratio of income attributable to the particular one of the collegiate sports teams to aggregate income attributable to the plurality of collegiate sports teams;   determining, based on the athlete residual value, a portion of the aggregate income that is revenue shared with a particular athlete of the particular one of the collegiate sports teams; and   causing the determined portion of the aggregate income to be placed in a student athlete trust for the particular athlete with the student athlete trust having amateur status restrictions that prevent accessing of funds in the trust while a student athlete.   
     
     
         43 . The one or more machine-readable hardware storage devices of  claim 42 , wherein the operations further comprise:
 receiving a request from the particular athlete to access funds in the student athlete trust; and   determining by the computer whether the particular athlete has amateur status restrictions that prevent accessing of the funds in the student athlete trust by the particular athlete.   
     
     
         44 . The one or more machine-readable hardware storage devices of  claim 42 , wherein a condition of the student athlete trust is that a trust beneficiary who is receiving a partial scholarship may later reimburse the college from proceeds in the trust for a portion of tuition that is not covered by the partial scholarship. 
     
     
         45 . The one or more machine-readable hardware storage devices of  claim 42 , wherein the operations further comprise:
 determining an amount of unpaid tuition that is due to the college by the particular athlete; and   causing a disbursement of funds from the student athlete trust to a financial account of the college for at least a portion of the unpaid tuition.