The NCAA and U.S. Department of Justice have reached a settlement that will allow student-athletes to transfer an unlimited number of times without penalty,Additionally, the NCAA is required to restore a year of eligibility for current student-athletes who missed a year of competition since 2019-20 due to the old Transfer Eligibility Rules, which stated that players who transfer more than once must sit out a year.
Thursday’s ruling comes roughly one month after the Division-I Board of Directors ratified a change to the transfer rule that granted college athletes immediate eligibility no matter how many times they transferred. According to the framework of the settlement, power conferences will pay about $644 million annually in damages while the 27 non-power conferences will pay $990 million. Those numbers were determined by a formula that calculated the amount of distribution a league earned over a nine-year period starting in 2016, according to documents obtained by Yahoo Sports. Most of that distribution is from units earned in the NCAA men’s basketball tournament.
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