May 28, 2024
Round-up: NCAA, Conferences and Campuses to Share Revenue with "Student-Athletes" - May 28
A multi-billion-dollar agreement announced May 23 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)— 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:
Colleges Have Agreed to Pay Athletes. What’s Next?
The Chronicle of Higher Education
N.C.A.A. Athletes’ Pay Deal Raises Questions About Future of College Sports
The New York Times (May 28, 2024)
NCAA Lawsuit Settlement Agreement Allowing Revenue Sharing With Athletes Faces Unresolved Questions
USA Today (May 28, 2024)
The College Sports Business Enters a New Era of Uncertainty
Politico.com (May 28, 2024)
Ted Cruz Has Some Strong Opinions About College Sports - Commentary
The New York Times (May 28, 2024)
The NCAA’s Reparations Don’t Come Close to Righting Its Racial Wrongs - Commentary
The Washington Post (May 28, 2024)
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)— 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:
Colleges Have Agreed to Pay Athletes. What’s Next?
The Chronicle of Higher Education
N.C.A.A. Athletes’ Pay Deal Raises Questions About Future of College Sports
The New York Times (May 28, 2024)
NCAA Lawsuit Settlement Agreement Allowing Revenue Sharing With Athletes Faces Unresolved Questions
USA Today (May 28, 2024)
The College Sports Business Enters a New Era of Uncertainty
Politico.com (May 28, 2024)
Ted Cruz Has Some Strong Opinions About College Sports - Commentary
The New York Times (May 28, 2024)
The NCAA’s Reparations Don’t Come Close to Righting Its Racial Wrongs - Commentary
The Washington Post (May 28, 2024)