From a Tulane baseball player's father
1. At Tulane you are allowed to combine scholarship money and academic money. The tuition package this year is about $67,000. Say the staff offers you 50%. Your baseball money would be $33,500 (the scholarship is figured on the entire package, including room and board). Say Tulane gives you academic money of $10,000, then the total package would be $43,500 and the academic money does not count against the baseball pool of money.
2. Same scenario as 1 above but you don't have a lot of money and you apply for need based income. Lets say the need based income comes in at $34,000. The total package for the athlete is $34,000. Need based income of $34,000 would be reduced by the academic money $10,000 making need based income of $24,000. None of this applies against the baseball pool of money. The catch is that at Tulane, you cannot combine the scholarship money and need based money. It is one or the other. Since need based income was greater that scholarship money, no scholarship money is awarded to the athlete.
3. At Vandy, Rice, Virginia, etc., combinations above can be combined in just about any way to offer most of these kids full rides.
4. I spoke to Sean Allen two weeks ago and he said need base income and scholarship money will not be combined as of now and he didn't see that changing anytime soon. He did say that academic money and need based income may get a break where those two can be combined. So in example 2 above, the total package would become $44,000 ($34,000 need based plus $10,000 academic).