Athletes in all sports eligible for payments, scholarship limits replaced by roster restrictions
NCAA and Power Conferences agree to historic settlement worth billions for athletes' revenue sharing
Schools permitted but not required to share up to $20 million per year with athletes
Settlement includes over $2.7 billion in damages for past and current athletes
In a historic move, the NCAA and five major conferences have agreed to pay billions of dollars to settle antitrust claims and allow schools to share revenue with athletes for the first time in college sports history. The settlement, which includes over $2.7 billion in damages for past and current athletes, was approved by four out of the five power conferences: ACC, Big Ten, Big 12, and SEC.
The NCAA's long-standing amateurism model is set to change as each school will be permitted but not required to share up to $20 million per year with its athletes. This revenue-sharing plan marks a significant shift in the college sports landscape, giving athletes a share of the profits generated from their athletic performances.
The settlement covers former and current Division I athletes who were denied earnings from endorsement and sponsorship deals dating back to 2016. Athletes in all sports will be eligible for these payments, with schools deciding how the money is divided among sports programs. Scholarship limits by sport will also be replaced by roster restrictions.
The NCAA's President, Charlie Baker, and the commissioners of the ACC, Big Ten, Big 12, Pac-12 and SEC announced this decision in a joint statement. The settlement is expected to bring about substantial changes across college sports as it signals the end of the NCAA's bedrock amateurism model that dates back to its founding in 1906.
The NCAA and Southeastern Conference leadership have approved a $2.8 billion settlement of antitrust claims.
Only approval from the Pac-12 was needed to move forward with the proposed settlement.
Under terms of the proposed settlement, the NCAA would pay $2.77 billion over 10 years to former and current college athletes who were denied by now-defunct rules the ability to earn money from endorsement and sponsorship deals dating to 2016.
The NCAA completed its approval process late Wednesday, with its 15-member Board of Governors voting unanimously to accept the plan - one member abstained.
A fourth antitrust case presents a potential complication: U.S. District Judge Charlotte Sweeney in Colorado ruled Thursday that Fontenot vs. the NCAA will stay in her court instead of being moved to California and combined with one of the other antitrust lawsuits that could be covered by the settlement.
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The article contains an appeal to authority when it states 'Attorneys for the plaintiffs in House v. the NCAA had set a Thursday deadline for agreement on a settlement.' and 'Steve Berman, one of the lead attorneys in House, said in a statement to AP the issues in Fontenot completely overlap with the other cases and the settlement, if approved, will release all of their claims.' This implies that these attorneys have authority over the outcome of the settlement. Additionally, there are several instances of inflammatory rhetoric such as 'a blow that would cripple' and 'They have to either include us or get an order that requires us to be involved in it. All of which we have arguments against as well.' These statements are not necessary for understanding the information being conveyed and serve only to inflame emotions.
Attorneys for the plaintiffs in House v. the NCAA had set a Thursday deadline for agreement on a settlement.
Steve Berman, one of the lead attorneys in House, said in a statement to AP the issues in Fontenot completely overlap with the other cases and the settlement, if approved, will release all of their claims.
a blow that would cripple
They have to either include us or get an order that requires us to be involved in it. All of which we have arguments against as well.
The NCAA and its five power conferences have agreed to allow schools to directly pay players for the first time in the 100-plus-year history of college sports.
Each school can share up to roughly $20 million per year with its athletes as part of a revenue-sharing plan.
All Division I athletes dating back to 2016 are eligible to receive a share as part of the settlement class.
The NCAA and five biggest conferences agreed to pay nearly $2.8 billion to settle antitrust claims.
A groundbreaking revenue-sharing model will direct millions of dollars directly to athletes as soon as the 2025 fall semester.
The agreement signals the end of the NCAA’s bedrock amateurism model that dates to its founding in 1906.
Details of the settlement include $2.77 billion paid over 10 years to more than 14,000 former and current college athletes who were prevented from earning money from endorsement and sponsorship deals dating to 2016.
Each school will be permitted but not required to set aside up to $21 million in revenue to share with athletes per year; revenues may rise, so could the cap.
Athletes in all sports will be eligible for payments, and schools will decide how that money is divided among sports programs. Scholarship limits by sport will be replaced by roster restrictions.
Accuracy
The deal must be approved by the federal judge overseeing the case, and challenges could arise if it is not approved.
Deception
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The article reports on a settlement in which the NCAA and conferences agree to pay nearly $2.8 billion to settle antitrust claims, setting the stage for a groundbreaking revenue-sharing model that could direct millions of dollars directly to athletes as soon as the 2025 fall semester. The article does not disclose sources, but it is clear from the text that this is a monumental decision in college sports history and represents a significant shift towards compensating athletes more like professionals. This change will be groundbreaking for college sports and marks the beginning of a new era where athletes are compensated more like professionals and schools can compete for talent using direct payments.
The NCAA and the nation’s five biggest conferences announced Thursday night that they have agreed to pay nearly $2.8 billion to settle a host of antitrust claims, a monumental decision that sets the stage for a groundbreaking revenue-sharing model that could start directing millions of dollars directly to athletes as soon as the 2025 fall semester.
The NCAA will pay more than $2.7 billion in damages over 10 years to past and current athletes.
Each school can share up to roughly $20 million per year with its athletes as part of a revenue-sharing plan.
Athletes cannot sue the NCAA for other potential antitrust violations and drop their complaints in three open cases - House v. NCAA, Hubbard v. NCAA and Carter v. NCAA.
Accuracy
The NCAA and power conferences approved a multibillion-dollar settlement to resolve three antitrust lawsuits.
The settlement includes payments of over $2.75 billion from the NCAA to former Division I athletes and a future revenue-sharing model between power-conference schools and athletes.
Under terms of the proposed settlement, the NCAA would pay $2.77 billion over 10 years to former and current college athletes who were denied by now-defunct rules the ability to earn money from endorsement and sponsorship deals dating to 2016.
