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

The NCAA and five power conferences reached a settlement permitting schools to pay student-athletes, signifying a significant shift in college sports.
The agreement, involving $2.7 billion in damages to past and current student-athletes, was announced by the NCAA and conference leaders.
Pending approval by Judge Claudia Wilken, schools may start revenue sharing in 2025, potentially marking a transformation in collegiate athletics.

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WTVR

How will the $2.7 billion NCAA settlement impact VCU sports?

RICHMOND, Va. -- When the NCAA and the Power 5 athletic conferences settled lawsuits leveled against them by a group of former athletes, the shockwaves rippled throughout the entirety of the college athletic landscape.And it wont be calm anytime soon.The NCAA and member schools agreed to pay $2.7 billion to former athletes for compensation for their Names, Images, and Likenesses (NIL) dating back to 2016. The sum is considered a bargain compared…

10 months ago·Richmond, United States

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New York Post

NCAA’s $2.8 billion settlement marks ‘professionalization’ of college sports

The avalanche began three years ago, with the advent of Name, Image & Likeness (NIL). It has snowballed on the NCAA from there, with unprecedented freedom of movement for student-athletes in the form of the transfer portal and now Thursday’s monumental settlement for nearly $2.8 billion that calls for paying damages to thousands of former and current college athletes.

10 months ago·New York, United States

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The Epoch Times

What Antitrust Settlement Means for NCAA, Athletes

The NCAA and the Power Five conferences agreed on Friday to pay over $2.7 billion to settle antitrust claims that will inevitably overhaul the landscape of college athletics. The decision creates a revenue-sharing model that will include athletes, who could be earmarked for millions of dollars as early as the fall of 2025. The schools will decide how that money is divided among its athletic programs. One of the biggest changes is that roster res…

10 months ago·New York, United States

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PBS NewsHour

What the historic $2.8 billion settlement to pay NCAA players means for college sports

In a historic first, the NCAA and the nation's Power Five conferences reached a deal to pay their athletes. The general terms of a settlement will see the NCAA pay nearly $2.8 billion in damages over 10 years to nearly 14,000 players. It also creates a new system that allows schools to use up to $21 million a year to pay student-athletes. Geoff Bennett discussed the deal with Pat Forde.

10 months ago·Washington, United States

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The Post Millennial

NCAA, 5 power conferences, agree to allow universities to pay student athletes

As part of the agreement, the NCAA and the conferences agreed to a revenue-sharing plan of approximately $20 million per school per year with athletes that will start in the fall of 2025.

10 months ago·Toronto, Canada

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The Christian Science Monitor

As NCAA and Olympics start paying athletes, what happens to the amateur ideal?

In a seismic change, the NCAA agreed to pay its athletes directly as part of a $2.8 billion settlement. U.S. Olympic Track & Field also announced prize money for the first time ever in Paris.

10 months ago·Boston, United States

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