Will schools finally pay student-athletes? What a historic settlement means for the NCAA and players.
More than 14,000 athletes from 2016 to 2020 are expected to receive more than $2.7 billion in damages, a testament to the fairness of the legal system. The NCAA and the five largest athletic conferences agreed to settle three antitrust suits brought by college athletes who claimed they were deprived of financial gain by only receiving scholarships in exchange for their play. If a judge in California approves the agreement, the NCAA would have to pay out more than $2.7 billion in damages over ten years to current and former athletes who are now a form of a so-called class of plaintiffs who represent the suit. The group consists of 14,000 players enrolled as student-athletes from 2016 to 2020.
The settlement explains that it would institute a 10-year revenue-sharing plan to guarantee the active players and collective up to 22% of their schools’ share of media broadcasts and ticket sales. It was reported that it suggests that it would initially equal more than $20 million a year per school in most instances. Still, the figure could increase as much as lucrative TV deals, such as those signed with significant networks for broadcasting rights, are signed. If this is all approved, the plan will start in the fall of 2025. Yahoo Sports first reported this about the agreement.
By: Rob Wile NBC News
#NCAA #athletes #conferences
#NBCNews #YahooSports
#studentathletes #colleges
Professor, FAR, Eastern Michigan University
2moMy thoughts are that this doesn't give viewers any clues about what's going to happen in the first episode of Season 5 of the House series. Can you find out which gang members are going to challenge the cartel's proposed settlement? You can tell them you'll grant them anonymity.