NCAA $2.8 Billion Settlement for College Athletes
A federal judge approved a $2.8 billion settlement allowing colleges to pay athletes directly, with payouts based on sport and athletic career length. The settlement resolves antitrust cases challenging NCAA compensation rules. The NCAA lifted its ban on athletes earning money through endorsement deals in 2021.
Key Points
- Final approval granted for $2.8 billion settlement between college athletes and the NCAA
- Payouts determined by sport and length of athletic career
- Antitrust cases challenged NCAA compensation rules
- NCAA lifted its ban on athletes earning money through endorsements in 2021
Pros
- Colleges can now pay athletes directly
- Payouts based on sport and athletic career length
- Thousands of former players will receive compensation
Cons
- Concerns about walk-on athletes losing opportunities to play college sports