House v. NCAA Settlement -- this changes everything

[retired711]

I notice a lot of discussion about NIL. So I want to be sure that everyone is aware that the judge in the House v. NCAA antitrust case has given preliminary approval to a settlement. The settlement provides for a payment of $2.78 billion (yes, 'billion") to past athletes to compensate them for not being able to benefit from NIL. It would allow colleges to spend up to $22 million annually to pay athletes. In addition, it allows NIL deals between collectives and athletes only when the NIL agreements serve "a valid business purpose" rather than being disguised pay-for-play schemes.

The settlement says nothing about two important matters: (a) whether the effect of Title IX's ban on gender discrimination; and (b) unionization of college athletes. We will have to see what happens on both fronts.

Here's a fairly understandable summary of the agreement and the timetable. As you can see, the changes are scheduled to take effect with the 2025-2026 season.https://www.bradley.com/insights/pu...d-bring-significant-changes-to-college-sports

 

[Knight Shift]

I notice a lot of discussion about NIL. So I want to be sure that everyone is aware that the judge in the House v. NCAA antitrust case has given preliminary approval to a settlement. The settlement provides for a payment of $2.78 billion (yes, 'billion") to past athletes to compensate them for not being able to benefit from NIL. It would allow colleges to spend up to $22 million annually to pay athletes. In addition, it allows NIL deals between collectives and athletes only when the NIL agreements serve "a valid business purpose" rather than being disguised pay-for-play schemes.

The settlement says nothing about two important matters: (a) whether the effect of Title IX's ban on gender discrimination; and (b) unionization of college athletes. We will have to see what happens on both fronts.

Here's a fairly understandable summary of the agreement and the timetable. As you can see, the changes are scheduled to take effect with the 2025-2026 season.https://www.bradley.com/insights/pu...d-bring-significant-changes-to-college-sports

Thanks for posting. Glad to see you posting again.

 

[rutgersguy1]

I’ve mentioned this stuff before but this is something new too.

 

[Knight Shift]

I notice a lot of discussion about NIL. So I want to be sure that everyone is aware that the judge in the House v. NCAA antitrust case has given preliminary approval to a settlement. The settlement provides for a payment of $2.78 billion (yes, 'billion") to past athletes to compensate them for not being able to benefit from NIL. It would allow colleges to spend up to $22 million annually to pay athletes. In addition, it allows NIL deals between collectives and athletes only when the NIL agreements serve "a valid business purpose" rather than being disguised pay-for-play schemes.

The settlement says nothing about two important matters: (a) whether the effect of Title IX's ban on gender discrimination; and (b) unionization of college athletes. We will have to see what happens on both fronts.

Here's a fairly understandable summary of the agreement and the timetable. As you can see, the changes are scheduled to take effect with the 2025-2026 season.https://www.bradley.com/insights/pu...d-bring-significant-changes-to-college-sports

Some things change, but other things stay the same---lawyers getting paid.

 

[retired711]

Some things change, but other things stay the same---lawyers getting paid.

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Yes, plaintiff's antitrust lawyers, like plaintiff's personal injury lawyers, are often paid on a contingency fee basis, i.e., get paid only if they win or obtain a settlement from defendants.

 

[NotInRHouse]

Some things change, but other things stay the same---lawyers getting paid.

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Shouldn't we be in favor of that LOL

 

[ashokan]

That 2.8 billion will become a camel nose in a tent.
All aboard the grievance train .
Just cut to the chase and a make CFB a pro league before it just becomes a bonfire of shoulder chips and damages.
Leave defunct NCAA to carry their bag of legacy shite.
CFB is a wreckage site - say a prayer, leave a wreath and scoot.