Multiple Sources

Round-up: NCAA, Conferences and Campuses to Share Revenue with "Student-Athletes" - May 24

May 24, 2024

A multi-billion-dollar agreement announced yesterday is expected to resolve antitrust lawsuits by former athletes against the NCAA and major athletic conferences, essentially ending the amateur era in college athletics. 
The National Collegiate Athletic Association’s (NCAA) Board of Governors and the leaders of the five conferences—the Atlantic Coast (ACC), Big Ten, Big 12, Pacific-12 (Pac-12) and Southeastern (SEC)—agreed this week to pay more than $2.7 billion in damages to cover what is essentially “back pay” for use of athletes’ name, image and likeness since 2016. The NCAA will cover more than $1 billion of that total and the five conferences will pay the rest over 10 years, according to news reports.
The settlement, which would avoid a potential courtroom loss for the sports powers that legal experts have estimated at between $4 billion and $20 billion, would also create a revenue-sharing model going forward in which colleges that chose to participate would agree to distribute roughly a fifth of their annual revenue—roughly $20 million each—to their players.
Below is a selection of today’s headlines:
NCAA, Major College Leagues Reach $2.7B Settlement on Player Pay
Inside Higher Ed (May 24, 2024)
In Major Change, College Athletes Set to be Paid Directly by Schools
The Washington Post (May 24, 2024)
Are University Athletes About to Earn a Big Payday?
The New York Times (May 24, 2024)
NCAA Agrees to Share Revenue With Athletes in Landmark $2.8 Billion Settlement
The Wall Street Journal (May 24, 2024)
Private Equity-Backed Venture Wants to Cash In on College Sports
Higher Ed Dive (May 24, 2024)

With College Athletes on Cusp of Revenue-sharing, There Are Title IX Questions That Must be Answered
Associated Press (May 24, 2024)
NCAA Votes to Accept $2.8 Billion Settlement That Could Usher in Dramatic Change for College Sports
Associated Press (May 23, 2024)
NCAA, Power Five Conferences Reach Deal to Let Schools Pay Players
USA Today (May 23, 2024)
College Sports Is About to Turn Pro. Private Equity Wants In.
The Wall Street Journal (May 23, 2024)
College Athletes on Brink of Getting $2.8 Billion, Revenue-Sharing Model in House v. NCAA Settlement
CBS (May 22, 2024)
Big Ten outpaced SEC with $880 million in revenue for 2023 fiscal year with most schools getting $60.5 million
USA Today (May 20, 2024)
The NCAA Watched Its Model Crumble. Is It Ready to Build Something Better? - Commentary
The Washington Post (May 24, 2024)

MORE News from NAICU