NCAA athlete-pay settlement could mean 6-figure paychecks for top college players
CBSN
Thousands of student athletes — both past and present — are in line to receive their share of a $2.8 billion settlement resolving an antitrust lawsuit against the National Collegiate Athletic Association and the nation's five biggest conferences. The challenge now will be deciding how much each player gets and why.
The complaint, filed in Northern California in 2020 by former Arizona State swimmer Grant House and Sedona Prince, a former Oregon and current Texas Christian University basketball player, accused the NCAA, along with the five wealthiest conferences, of improperly barring athletes from earning endorsement money based on their name, image and likenesses, or NILs.
The finer details still need to be ironed out, but the NCAA's agreement calls for the league and conferences to pay $2.77 billion over 10 years to more than 14,000 former and current college athletes who claim that the now-defunct compensation rules prevented them from earning money from endorsement and sponsorship deals dating back to 2016.
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