The NCAA and its leagues are moving forward with a multibillion-dollar settlement agreement that will allow schools to directly pay players for the first time in the history of college sports.
The NCAA and its five power conferences have agreed to allow schools to directly pay players for the first time in the 100-plus-year history of college sports.
The settlement terms must be approved by Judge Claudia Wilken, who is presiding over all three cases. That process is expected to take several months, and sources said schools likely will begin sharing revenue in fall 2025. The NCAA's Board of Governors and leaders from the ACC, Big Ten, Big 12, SEC and Pac-12 voted to accept the general terms laid out in a 13-page document.
By the end of this week, the parties plan to alert Wilken -- who has presided over the most impactful antitrust cases of the past decade -- that they will submit final details to the court in the next 30 days. There is at least one other pending antitrust lawsuit not covered by the House case settlement. Former Colorado football player Alex Fontenot is suing the NCAA for restricting how it shares TV rights revenue with players. The NCAA and the attorneys in the House case argued that Fontenot's claims should be consolidated with their lawsuits because they are very similar. However, a judge in Colorado denied that request Thursday morning.
"Some athletes could be getting tens of thousands or over a hundred thousand in the settlement," Berman said."They'd have to choose to see if they could better on their own." The settlement terms provide a 10-year window to fully pay out the $2.7 billion. Berman said each player in the class will get an annual check worth 10% of the money they are owed. He said Wilken will approve how much money will go toward attorneys' fees.
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