|The Ocean State University men’s golf student-athletes have pooled some funds together in hopes of providing an incentive for each of the student-athletes to perform their best during the season. The student-athletes with the lowest weekly scores will collect the money.
Since the institution is not funding this “pool of funds” is it permissible?
No. NCAA Official Interpretation- 12/12/94- Student-Athletes Establishing ‘Pool’ of Funds – states that it is not permissible for an institution’s student-athletes to establish a “pool” of funds for the purpose of providing cash on a weekly basis to selected student-athletes based on their athletics performance in specific intercollegiate competitions without jeopardizing the amateur status of the student-athletes who receive such funds.
[References: 12.1.1 (amateur status) and 12.1.2 (forms of pay)]