Reported 5 months ago
The NCAA and Power Five conferences have approved a $2.8 billion settlement in three antitrust cases, marking a monumental shift towards direct athlete compensation. The agreement includes back damages, future athlete revenue-sharing, and potential changes to governance, enforcement, and scholarship structures. This move, expected to bring stability to college sports, will see athletes receiving over $15 billion in new compensation over a decade. The settlement allows schools to share revenue with athletes up to a quasi-salary cap, with potential additional costs of $200-$300 million per school over the agreement's duration. The settlement also addresses enforcement, governance, and Title IX issues, with opposition from non-power conferences and calls for a more comprehensive, athlete-focused solution.
Source: YAHOO