Entertainment & Sports,
Civil Litigation,
Antitrust & Trade Reg.
May 28, 2024
$2.8B settlement paves way for student-athlete compensation
The agreement, which is not yet approved by the court, could mark the end of the NCAA's lucrative amateur framework as thousands of former and current athletes will likely receive thousands of dollars in back pay.
In a move that may drastically change the future of college athletics, the NCAA agreed to pay $2.8 billion to settle a historic antitrust class action challenging the league's restrictions on name and likeness compensation and endorsement rights for student-athletes.
The agreement, not yet approved by U.S. District Judge Claudia A. Wilken in Oakland, could mark the end of the NCAA's lucrative amateur framework as thousands of former and current athletes will likely receiv...
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