Schools are now free to begin paying their athletes directly, marking the dawn of a new era in college sports brought about by a multibillion-dollar legal settlement that was formally approved Friday.
Judge Claudia Wilken approved the deal between the NCAA, its most powerful conferences and lawyers representing all Division I athletes. The House v. NCAA settlement ends three separate federal antitrust lawsuits, all of which claimed the NCAA was illegally limiting the earning power of college athletes.
Wilken's long-awaited decision comes with less than a month remaining before schools are planning to start cutting checks to athletes on July 1. Both sides presented their arguments for approving the settlement at a hearing in early April. While college sports leaders have been making tentative plans for a major shift in how they do business, the tight turnaround time means that schools and conferences will have to hustle to stand up the infrastructure needed to enforce their new rules.
The NCAA will pay nearly $2.8 billion in back damages over the next 10 years to athletes who competed in college at any time from 2016 through present day. Moving forward, each school can pay its athletes up to a certain limit. The annual cap is expected to start at roughly $20.5 million per school in 2025-26 and increase every year during the decade-long deal. These new payments are in addition to scholarships and other benefits the athletes already receive.
College conference commissioners are bullish on their ability to enforce NIL rules in a new system days after a multibillion-dollar legal settlement changed college athletics by allowing schools to directly pay their athletes.
Idk if any of yall into like the other aspects of cfb like facilities, stadium upgrades, etc…but if you are there’s a YouTube channel called Sprts Dissected and they go around to different campuses and show how they been using all that money they’ve been getting lol. Check out Texas Tech’s new shit:
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