The NCAA’s 119-year amateurism model died Friday with a judge’s pen as the landmark House v. NCAA antitrust settlement received final approval, opening the door for millions of dollars to be shared between schools and players for the first time.
U.S. District Judge Claudia Wilken gave final approval of the landmark settlement after five years of litigation, ending with nearly one year of discussions and tweaks after the NCAA and power conferences initially voted to settle the suit in 2024. The $2.8 billion, 10-year settlement will pay past players for missed name, image and likeness opportunities and allow colleges to pay current players directly starting July 1.
NCAA president Charlie Baker penned a letter in response to the landmark settlement.
“Approving the agreement reached by the NCAA, the defendant conferences and student-athletes in the settlement opens a pathway to begin stabilizing college sports,” Baker wrote. “This new framework that enables schools to provide direct financial benefits to student-athletes and establishes clear and specific rules to regulate third-party NIL agreements marks a huge step forward for college sports.”
More on House v. NCAA decision
Schools can share as much as $20.5 million of their revenues with players during the upcoming academic year. The settlement also includes $2.8 billion in back payments for athletes who competed between 2016 and 2024. The new revenue-sharing cap will increase by at least 4% each year during the 10-year agreement.
The House settlement’s final approval was twice delayed in April after the judge echoed objectors’ concerns over imposing roster limits on current players, one of the pillars of the settlement. Schools were cutting players from…
Source link : https://www.cbssports.com/college-football/news/house-v-ncaa-settlement-approved-landmark-decision-opens-door-for-revenue-sharing-in-college-athletics/
Author : Brandon Marcello
Publish date : 2025-06-07 02:22:00
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