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NCAA To Settle Class Action Lawsuit, Bringing $2.77B Windfall To College Athletes Past And Present – Update
Athletes will be paid directly for playing for their schools under the settlement agreement.
“College athletes will finally be able to share in the billions of dollars their compelling stories and dynamic performances have generated for their schools, conferences, and the NCAA,” the filing said. Details are still being worked out, but what it means is schools can pay athletes directly, sharing with them a portion of the lucrative revenue streams for merchandising, TV rights, ticket sales and other deals. “All of Division I made today’s progress possible, and we all have work to do to implement the terms of the agreement as the legal process continues,” said NCAA President Charlie Baker in a joint statement with the commissioners of the five conferences named as co-defendants in the lawsuit.
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