All articles tagged with #ncaa settlement
Former Syracuse basketball players are set to receive a share of a $2.8 billion NCAA settlement for lost earnings, with payments based on their athletic performance, likeness use, and other factors, though some delays are expected due to ongoing legal disputes.
North Dakota State has decided to opt into the NCAA settlement, allowing the university to phase in roster cuts over several years and manage Name, Image, and Likeness (NIL) opportunities internally through a rebranded booster club, in response to recent legislation and settlement terms.
The University of North Carolina will distribute $20.5 million in revenue sharing among athletes in football, men's basketball, women's basketball, and baseball, following the NCAA's House settlement. The school is also increasing scholarships across its sports and exploring new revenue streams like stadium naming rights and sponsorships, while managing budget growth and renegotiating multimedia rights deals.
The article discusses the recent NCAA house settlement and its implications, including delayed back payments to athletes due to an appeal, the move towards a single transfer portal window in college football, Lee Corso's final College GameDay appearance in Columbus, and Ohio State's NIL management and new basketball court design, with upcoming college sports events highlighted.
The settlement between NCAA and House involves complex legal and financial changes for college sports, with North Dakota State University (NDSU) undecided on whether to opt in, which would lead to significant changes like revenue sharing and new scholarship rules, or opt out, maintaining current policies. The decision deadline is imminent, and the outcome could impact NDSU's athletic operations and athlete compensation policies.
The NCAA's landmark settlement allowing direct payments to student-athletes and distributing $2.8 billion in NIL backpay from 2016 has been approved. UK Athletics, led by Mitch Barnhart, views this as a significant step forward, emphasizing their commitment to remain competitive despite increased expenses of $20-30 million annually. The university plans to adapt by increasing scholarships, participating in revenue sharing, and ensuring fair NIL deals, with support from the SEC and new oversight measures.
UCLA's athletic director Martin Jarmond announced plans to distribute $20.5 million in revenue sharing following the NCAA House settlement, which allows direct athlete payments starting July 1. The department aims to keep Olympic sports and staff intact, reallocate personnel, and enhance athlete compensation, especially for football and men's basketball, while navigating new NIL regulations and maintaining competitive excellence. The school is also seeking federal NIL legislation to address state law disparities and is optimistic about future revenue from College Football Playoff deals, with strong support from Chancellor Frenk.
The landmark House vs. NCAA lawsuit settlement benefits schools like Gonzaga by allowing them to share revenue with athletes, especially in basketball, without the financial burdens of football, potentially giving them a recruiting edge. The settlement also introduces a new NIL enforcement mechanism, but raises concerns about increased costs for fans and administrative bloat, while impacting Olympic sports and shifting power dynamics in college athletics.
Notre Dame's president, Rev. John Jenkins, has called on Congress to intervene after a $2.8 billion settlement that will allow college football players to be paid, arguing it threatens the traditional model of college sports. The settlement, which includes retroactive payments and a revenue-sharing model, marks a significant shift in college athletics, making players essentially paid employees. Jenkins contends that legislation is needed to maintain the student-athlete model and competitive equity, despite the financial benefits players will now receive.
North Florida star Chaz Lanier commits to Tennessee over Kentucky and BYU, raising questions about his transition from the ASUN to the SEC. Kentucky now eyes BYU's Jaxson Robinson and Miami's Wooga Poplar, who is considering a return to college. Reed Sheppard is a top NBA Draft prospect, potentially going No. 1 overall. Justin Edwards impresses at Klutch Pro Day, and the NCAA agrees to a $2.8 billion settlement for past and current student-athletes, with Kentucky's Mitch Barnhart supporting the move.