Entertainment & Sports
Jun. 24, 2024
NCAA’s $2.75B settlement paves way for athlete compensation revolution
The revenue-sharing model will likely phase out numerous NIL collectives, as athletic departments prefer to directly fund their rosters and manage salary structures themselves.
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In May, the National Collegiate Athletics Association (NCAA) settled the House v. NCAA class-action lawsuit, agreeing to pay $2.75 billion in back-pay damages to former Division 1 student-athletes over the next decade.
This marks the first-time schools will directly compensate student-athletes.
The NCAA, a non-profit organization overseeing college athletics, along with the Power 5 ...
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