NCAA sports deal set to transform college athletics [View all]
College sports authorities and antitrust attorneys unveiled a sweeping deal Friday that would pay players billions of dollars in damages, create an unprecedented athlete compensation model — and renew pressure on Congress to protect one of higher education’s biggest industries.
NCAA officials, the country’s biggest college sports programs and attorneys representing former athletes offered a federal judge their proposals to settle three antitrust lawsuits that target restrictions on pay and benefits players can receive for their work and publicity rights.
The proposed settlement would transform the rules surrounding the country’s multibillion-dollar college athletics business, if approved by U.S. District Court Judge Claudia Wilken after a legal review that is expected to stretch over several months in her California courtroom.
“NCAA college athletes have waited decades for this moment, and their right to receive the full value of their hard work has finally arrived,” Steve Berman, one of the athletes’ attorneys, said in a statement.
The deal, which followed weeks of backroom negotiations, would allow schools to pay players a share of the revenue generated by major college sports programs. It would also pay nearly $2.8 billion in back damages to athletes over a 10-year period. It would eliminate limits on the number of scholarships college programs can offer players and establish caps on team roster sizes.
https://www.politico.com/news/2024/07/26/college-sports-settlement-ncaa-00171484
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