
NCAA Approves Historic $2.8B Settlement to Pay College Athletes
The NCAA and Power 5 conferences have agreed to a historic settlement allowing schools to pay athletes directly, potentially ending the tradition of amateurism in college sports. The settlement, pending federal approval, includes $2.75 billion for athletes who competed before July 2021 and a future revenue-sharing model where schools can distribute around $20 million annually to athletes. Key issues remain unresolved, such as which athletes will be compensated, gender pay equity, and the impact on smaller schools. The settlement does not end the NCAA's antitrust challenges.

