NCAA and Major Conferences Agree to Pay $2.8 Billion to Settle Antitrust Claims
NCAA and five major conferences agree to pay $2.8 billion to settle antitrust claims, paving the way for a new revenue-sharing model that will compensate college athletes. The deal marks the end of the NCAA's amateurism model and allows athletes to receive money from endorsement deals and sponsorship. Schools will share revenue with athletes, bringing college sports into the 21st century.
Key Points
- Agreement to pay $2.8 billion over 10 years to former and current college athletes
- Athletes will receive money from endorsement and sponsorship deals
- Schools can share revenue with athletes
- New era in college sports where athletes are compensated more like professionals
Pros
- Compensation for college athletes
- End of NCAA's amateurism model
- Revenue-sharing model benefits student-athletes
Cons
- Unanswered questions about the new compensation model
- Potential complications from other pending antitrust cases