NCAA, leagues sign off on $2.8 billion plan, setting stage for dramatic change across college sports

The NCAA and the nation’s five biggest conferences have agreed to pay nearly $2.8-billion to settle a host of antitrust claims,a monumental decision that sets the stage for a groundbreaking revenue-sharing model that could start directing millions of dollars directly to athletes as soon as the 2025 fall semester.

The details in the plan signal the end of the NCAA’s bedrock amateurism model that dates to its founding in 1906. Indeed, the days of NCAA punishments for athletes driving booster-provided cars started vanishing three years ago when the organization lifted restrictions on endorsement deals backed by so-called name, image and likeness money.

Some of the money will come from NCAA reserve funds and insurance but even though the lawsuit specifically targeted five conferences that are comprised of 69 schools , dozens of other NCAA member schools will see smaller distributions from the NCAA to cover the mammoth payout. Whether the new compensation model is subject to the Title IX gender equity law is unknown along with whether schools will be able to bring NIL activities in-house as they hope and squeeze out the booster-run collectives that have sprouted up in the last few years to pay athletes. Both topics could lead to more lawsuits.The class-action federal lawsuit at the center of the settlement, House v. the NCAA, was set to go to trial in January.

Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NCAA Sued by States for ‘Unfair’ Limits on Student AthletesThe National Collegiate Athletic Association was sued by a bipartisan group of states over allegedly unfair restrictions on student athletes that hinder their ability to earn more money and benefit from their name and image.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

NCAA Sued for ‘Unfair’ Limits on Student Athlete Contracts(Bloomberg) -- The National Collegiate Athletic Association was sued by a bipartisan group of US states over restrictions that allegedly hinder the ability...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

AUS basketball MVP Malcolm Christie leaves Dalhousie for NCAA's Oakland UniversityExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

AUS basketball MVP Malcolm Christie leaves Dalhousie for NCAA's Oakland UniversityExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

BASKETBALL: AUS MVP Malcolm Christie leaves Dalhousie for NCAA's Oakland UniversityExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

NCAA, leagues sign off on $2.8 billion plan to set stage for dramatic change across college sportsThe NCAA and the nation's five biggest conferences have agreed to pay nearly $2.
Source: SooToday - 🏆 8. / 85 Read more »