Particle.news
Download on the App Store
42 ARTICLES
·
last wk.

Judge Approves $2.8 Billion NCAA Settlement Allowing Direct Athlete Pay

Implementation starts July 1 under a capped $20.5 million revenue-sharing system with back payments spread across ten years

The NCAA regulates athletic programs of many colleges and universities II
Image
Image
Image

Overview

  • U.S. District Judge Claudia Wilken granted final approval to the House v. NCAA settlement on June 6, clearing the way for schools to pay athletes directly.
  • Beginning July 1, each participating Division I school can share up to $20.5 million annually with athletes, with the cap set to increase by at least 4 percent each year over the next decade.
  • The settlement allocates $2.8 billion in back damages to athletes who competed from 2016 through 2024, to be disbursed over ten years.
  • A new College Sports Commission will enforce compliance and review third-party NIL deals through a Deloitte-powered portal launching on June 11.
  • Legal challenges are anticipated over Title IX equity and athlete classification as employees, prompting NCAA president Charlie Baker to lobby Congress for antitrust protection.