NCAA boards, DiStefano endorse reforms to college basketball

first_imgChancellor Philip P. DiStefanoThe commission recommendations will “ensure integrity in the game, strengthen accountability in college sports and demonstrate a commitment to the well-being of student-athletes,” the NCAA statement said.Division I basketball was plagued last season by well-publicized allegations of bribery and corruption that led to federal prosecutors’ charges against some assistant coaches and an apparel company executive.Federal prosecutors allege that an Adidas executive and others with ties to the company bribed players’ families and college coaches to entice top prospects to commit to schools that Adidias sponsored. Those players later signed contracts to endorse the company’s products.The commission, in its recommendations, called for:The end of the “one-and-done” practice in which top players only play their freshman season before moving onto the NBA.The establishment of a new system for summer basketball—essential to the recruitment process—that would keep out apparel companies.Coaching and administrator contracts that require cooperation with NCAA investigations.That coaches, athletic directors and college presidents certify annually that their athletic programs comply with NCAA rules.The establishment an independent investigative body for major issues.DiStefano endorsed the recommendations.Division I council members will forward final changes to the Division I Board and the Board of Governors for approval in August, the NCAA said in the statement.DiStefano said that one key to successful reform is the NCAA working closely with other organizations outside the NCAA – including USA Basketball, apparel companies, the National Basketball Association and its players’ association to make meaningful and lasting changes that will support the commission’s recommendations.“If we don’t have a strong collaboration then we won’t achieve recommendations by the commission,” DiStefano said.Summary of recommendations from the Commission on College BasketballEnd One-and-Done. Separate the collegiate track from professional by ending one-and-done.Greater Draft Flexibility for Student-Athletes. Allow student-athletes to test their pro prospects and maintain their college eligibility if they do not sign a professional contract.NCAA-Certified Agents to Provide Student-Athletes with Assessment of Professional Prospects. Permit students to receive meaningful assessment of their professional prospects earlier, with assistance from NCAA-certified agents. NCAA appoints a VP to, among other things, develop meaningful standards for certification of agents.Provide Resources to Make the Promise of a College Education Real. NCAA to establish fund to pay for the degree completion of student-athletes with athletic scholarships who leave member institutions after progress of at least two years towards a degree.Independent Investigation and Adjudication of Complex Cases. NCAA to establish independent investigative and adjudicative body.Enact and Impose Core Punishments with Significant Deterrent Effect. Core penalties should be increased to allow 1) Five-year postseason ban for Level I violations; 2) loss of all revenue sharing in post-season play for the entire ban; 3) lifetime bans for a show-cause order; 4) allow bans of more than one season for head coach violations; 5) increase penalties to allow full-year visit bans for recruiting visit violations.NCAA to amend rules to require colleges to include in contracts with administrators and coaches’ contractual obligations to cooperate with NCAA investigations and agree to submission to NCAA enforcement proceedings.Require coaches, athletic directors and college presidents to certify annually that their athletic programs comply with NCAA rules. Reform Non-Scholastic Basketball and Make its Finances Transparent. NCAA should enforce rigorous certification criteria for non-scholastic basketball events that coaches attend. Events should be subject to financial disclosure, an audit of all financial relationships and payments, IRS, and other tax filings. Events must also have educational components.Enlist Apparel Companies in Transparency and Accountability Efforts. Boards of public apparel companies should implement financial transparency and accountability with respect to their investments in non-scholastic basketball.In Cooperation with Partners, Establish NCAA Youth Basketball Programs. With a goal of 2019, we recommend that the NCAA work with USA Basketball, the NBA and the NBPA and others to establish and administer new youth basketball programs.Enact Changes in Rules Governing Recruiting and Coaches’ Interaction with Recruits and Student-Athletes. Reduce the influence of third parties and increase the ability of college coaches to interact with recruits and current players. We endorse adoption of a number of rule changes recommended by the National Association of Basketball Coaches.Add Five Independent Public Members to The NCAA’s Board of Governors.Categories:Deadlines & AnnouncementsCampus Community Published: April 25, 2018 Today the NCAA Board of Governors and Division I Board of Directors, unanimously endorsed a series of recommendations from the Commission on College Basketball, chaired by former Secretary of State Condoleezza Rice. CU Boulder Chancellor Philip DiStefano sits on both NCAA boards. Share Share via TwitterShare via FacebookShare via LinkedInShare via E-maillast_img read more

Levy Option Less Impact on Vulnerable – Finance Minister

first_imgLevy Option Less Impact on Vulnerable – Finance Minister Budget 2014/2015April 22, 2014Written by: Douglas McIntosh RelatedMarket Determined Exchange Rate to Continue – Dr. Phillips Levy Option Less Impact on Vulnerable – Finance MinisterJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlay Advertisements RelatedFlexi-Work Hours Will Increase Investments – Dr. Phillips Photo: Melroy Sterling Finance and Planning Minister, Dr. the Hon Peter Phillips, addressing journalists at Tuesday’s (April 22) post-Budget media briefing at Jamaica House, where he elaborated on aspects of his opening presentation in the 2014/15 Budget Debate in the House of Representatives on April 17. (FILE)center_img Story HighlightsDr. Phillips says the levy to be charged on financial institution transactions, effective June 1, represents the option that is deemed to be the least challenging for the society’s most vulnerable. Dr. Phillips said several other options that were proposed by Ministry technocrats were not deemed suitable, under Jamaica’s prevailing economic state.The levy will see a tax of one-tenth of a per cent being charged on transactions of up to $1 million. Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the levy to be charged on financial institution transactions, effective June 1, represents the option that is deemed to be the least challenging for the society’s most vulnerable.Addressing journalists at a post-Budget media briefing at Jamaica House on April 22, Dr. Phillips said several other options that were proposed by Ministry technocrats were not deemed suitable, under Jamaica’s prevailing economic state.These, he informed, included: increasing the rate of personal income tax and General Consumption Tax (GCT); re-introducing GCT on electricity; imposing a special consumption tax on sweetened drinks; and expanding the list of items subject to GCT; and increasing the tax take from petroleum.“All the alternatives considered would have placed more burdens on ordinary Jamaicans…and would have had a more far reaching and negative impact on the economy,” Dr. Phillips said.The levy, one of the revenue raising measures for the 2014/15 budget, which Dr. Phillips announced while opening the Budget Debate in Parliament on April 17, will see a tax of one-tenth of a per cent being charged on transactions of up to $1 million, which are conducted at deposit taking financial institutions and involving securities dealers.This equates to $1 being charged on every $1,000 transaction conducted incorporating the use of electronic banking, point-of-sale negotiations, cheques, utilization of automated banking or teller machines (ATM/ABM), and internet transfers.The levy will be also be charged on encashments from securities dealers, whether partial or in full. Exception to this is where transfers are conducted between the accounts of the same person in the same financial institution.The Government is implementing this measure as part of efforts to raise revenue to fund a $6.7 billion gap in the 2014/15 budget, which sees total government expenditure amounting to $540 billion.Dr. Phillips said the levy on financial transactions was deemed the option that would be least impactful, after some deliberation. He also advised that he met and discussed the proposal with financial sector interests on April 16, and that so far, no objections have been raised to the measure.The Minister added that in order to ensure the impact would be “most restricted” on the society’s most vulnerable, “we also took a decision for a significant increase in the income tax threshold of $49,920.”He invited persons who may have reservations about the levy “to bring some specific suggestions as to whether anything else could be found that would have as minimal an impact.”Noting that the 2014/15 budget is “one of the tightest on record,” and that this year’s revenue package is “one of the smallest…in years,” Dr. Phillips said it is imperative that Jamaica not deviate from the 7.5 per cent budgetary surplus target, established in the Economic Reform Programme (ERP), being financed under a four-year Extended Fund Facility (EFF) negotiated with the International Monetary Fund (IMF).“It’s not an option to deviate (nor) an option which Jamaica could choose or should even contemplate. It would negate all the sacrifices already made by public sector workers, by bond holders, by the general public who have sustained all the hardships and difficulties that have been involved in the reform effort. Further, it would put us back to square one where we would be closed out from access to the resources of the multilateral institutions and we would also be closed out from access to private capital markets,” he emphasized. FacebookTwitterWhatsAppEmail RelatedNo Custom Duties on Phabletslast_img read more

Demand from Japan, Europe buoy REC’s first-quarter results

first_imgDemand from Japan, Europe buoy REC’s first-quarter resultsThe Norwegian company is expanding production capacity with two new module lines and broadening its product offering as it seeks to strengthen its position in the high-end market segment. April 28, 2014 pv magazine Finance Manufacturing Markets Markets & Policy Share Citing strong module demand in Europe and Japan as it seeks to carve out a larger share of the high-end market, REC Solar on Friday posted an after-tax profit of US$11 million, up nearly 2% from the fourth quarter of 2013, while revenue fell almost 4% to $175.4 million. “We are experiencing good demand in our main markets in Europe and Japan,” said REC CEO Oyvind Hasaas. “Together with our partners, we are continuously working to improve our product offering and improve our market presence. Our expansion of 300 MW module capacity through two new module lines will facilitate introduction of new technologies and broaden our product offering to our client base. This is an important step for us to strengthen our position in the ‘high end’ market segment.” Of the group’s revenue, module sales accounted for nearly $170 million, with the rest generated from its system business. The module division’s first-quarter earnings before interest, tax, depreciation and amortization (EBITDA) was $5.2 million lower than in the fourth quarter of last year, due primarily to an increase in costs as well as to lower sales volumes. The cost increase resulted in part from a fire at the company’s cell building in Singapore last month, which resulted in a temporary closedown of two (out of eight) cell lines for six weeks. New equipment and a furnace upgrade also contributed to the higher costs. Module production dropped 5.3% from the fourth quarter of 2013 to 216 MW. The company has approved an increase in module capacity to 1.3 GW by the second half of 2015. Looking forward, REC cited reports that PV demand this year would reach between 46 and 49 GW, up from about 39 GW in 2013. China and Japan are expected to represent 49% of the solar panel market, Europe 21% and the Americas 19% while the rest of the world will make up an estimated 11% of the solar market in 2014. The company added that demand growth in Europe would likely be primarily related to the roof top segment while demand in Japan was expected to increase substantially in the next few years with most of the growth coming from the commercial market segment. While the EU Commission recently reduced the minimum import price for crystalline solar modules offered by Chinese module suppliers from €0.56 cents to €0.53 cents per watt, REC said it assumes the revised price is more aligned with current solar industry price levels for large EU projects. “REC is expected to continue to receive a price premium for solar panels vs. the industry,” it added.Popular content The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. 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Cracking the case for solid state batteries pv magazine 29 April 2021 pv-magazine-australia.com Scientists in the UK used the latest imaging techniques to visualize and understand the process of dendrite formation an… 123456Leave a Reply Cancel replyPlease be mindful of our community standards.Your email address will not be published. Required fields are marked *CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. 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