The NCAA and major college conferences are considering a possible settlement of an antitrust lawsuit that could cost them billions in damages and force schools to share athletics-related revenue with their athletes.
But even if college sports leaders create a new, more professional model for collegiate athletics, they would like need help from Congress if athletes are not classified as employees. Two people familiar with settlement discussions related to House vs. the NCAA told the AP on Friday the association could pay out $2.9 billion in damages over 10 years to resolve the class-action lawsuit — which is set to go to trial in January.
4 billion, though in successful antitrust cases damages are tripled. The NCAA and college sports leaders have been seeking help from Congress in the form of a federal law to regulate NIL compensation for several years, but there has been little movement on that front. More recently, the emphasis from NCAA President Charlie Baker and others has shifted to trying to prevent college athletes from being deemed employees.
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