NCAA Approves $2.8B Settlement to Pay Athletes
TL;DR Summary
The NCAA and Power Five conferences have approved a $2.8 billion settlement in three antitrust cases, marking a historic shift towards direct athlete compensation. The agreement, which includes a future revenue-sharing model and other governance changes, is expected to funnel over $15 billion to athletes over ten years. This move, driven by legal and state pressures, aims to stabilize the recruiting landscape while still prohibiting pay-for-play and booster payments. The settlement awaits judicial approval and may face objections, with implementation expected by the 2025 fall semester.
Topics:top-news#antitrust-settlement#athlete-compensation#college-athletics#ncaa#power-five-conferences#sports
- NCAA, Power Five conferences vote to approve $2.8B settlement in House, Hubbard and Carter cases Yahoo Sports
- NCAA, power conferences vote to approve settlement that would pay athletes The Washington Post
- Statement from President Rev. John I. Jenkins, C.S.C., on House v. NCAA settlement ND Newswire
- NCAA, power conferences agree to allow schools to pay players ESPN Australia
- NCAA Agrees to Share Revenue with Athletes in Landmark $2.8 Billion Settlement The Wall Street Journal
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