Thousands of former college athletes will be eligible for payments ranging from a few dollars to more than a million.
ranging from a few dollars to more than a million under the $2.78 billion antitrust settlement agreed to by the NCAA and five power conferences, a deal that also paves the way for schools to directly compensate athletes while attempting to regulate payments from boosters.
While Division I athletes across all sports will be eligible to collect damages, the majority of damages is expected to go to football and basketball players from power conferences because those leagues and teams generate most of the revenue that comes from billion-dollar media rights contracts. The NCAA lifted its ban on athletes earning money off their fame through endorsement and sponsorship deals in 2021. but it does include language that would suggest the deal would be subject to change if “a change in law or circumstances permits collective bargaining.
That number is derived from taking 22 percent of the average revenue generated through media rights contracts, tickets and other sources by power conference schools. The roster caps for baseball , softball and volleyball will also allow for a significant jump in the number of scholarships schools can provide in those sports, though schools will not be required to meet the cap.NCAA rules have been tweaked recently to allow schools to be more involved in providing NIL opportunities for college athletes, but they will still be allowed to strike deals with third parties.
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