NCAA to impose financial penalties for tourney availability report violations

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Financial penalties will be imposed on schools that do not follow the new player availability reporting process in the NCAA men's and women's basketball tournaments, the NCAA said on Wednesday.

For the first time, teams will be required to submit player availability information for NCAA tournament games. If a school does not abide by the process, it will face potential fines.

A first offense will result in a penalty of up to $10,000; the second offense is up to $25,000; and the third offense is up to $30,000 for the school and $10,000 for the head coach. All penalties will be assessed after the…