A California district judge granted preliminary approval to the NCAA and power conferences’ settlement of the House antitrust case, another step in a long process toward the era of athlete revenue sharing.
Judge Claudia Wilken, of the U.S. District Court of the Northern District of California, issued her ruling Monday without a follow-up hearing and after plaintiffs and defendants in the case clarified language in the agreement 10 days ago.
The two-part settlement requires schools to pay roughly $2.8 billion to former athletes for damages of lost name, image and likeness payments, but, perhaps more importantly, it permits schools — not requires them — to share millions with their athletes. The settlement’s new revenue-sharing model is expected to start July 1.
Wilken’s ruling in this landmark case is the latest move toward a settlement that, while not resolving all of college athletics’ ills, pushes the industry toward a more modernized structure and releases claims of some future lawsuits — but not all. The NCAA and power leagues struck the agreement in May with attorneys representing plaintiffs in a case over lost NIL payments. Thousands of athletes, the majority of whom played between 2017 and present, are in line for thousands of dollars in backpay that will come from NCAA headquarters and school revenue distribution (much of that derived from the NCAA men’s basketball tournament).
However, the most significant piece is an athlete revenue-sharing concept, explored here. Schools will be permitted to directly share as much as $23 million annually with their athletes in a capped system. The cap, a fluid figure that changes annually, will increase as school revenues increase. The exact figure for the first year of implementation is uncertain.
Story: https://sports.yahoo.com/california-judge-approves-ncaa-house-case-settlement-184338383.html
Judge Claudia Wilken, of the U.S. District Court of the Northern District of California, issued her ruling Monday without a follow-up hearing and after plaintiffs and defendants in the case clarified language in the agreement 10 days ago.
The two-part settlement requires schools to pay roughly $2.8 billion to former athletes for damages of lost name, image and likeness payments, but, perhaps more importantly, it permits schools — not requires them — to share millions with their athletes. The settlement’s new revenue-sharing model is expected to start July 1.
Wilken’s ruling in this landmark case is the latest move toward a settlement that, while not resolving all of college athletics’ ills, pushes the industry toward a more modernized structure and releases claims of some future lawsuits — but not all. The NCAA and power leagues struck the agreement in May with attorneys representing plaintiffs in a case over lost NIL payments. Thousands of athletes, the majority of whom played between 2017 and present, are in line for thousands of dollars in backpay that will come from NCAA headquarters and school revenue distribution (much of that derived from the NCAA men’s basketball tournament).
However, the most significant piece is an athlete revenue-sharing concept, explored here. Schools will be permitted to directly share as much as $23 million annually with their athletes in a capped system. The cap, a fluid figure that changes annually, will increase as school revenues increase. The exact figure for the first year of implementation is uncertain.
Story: https://sports.yahoo.com/california-judge-approves-ncaa-house-case-settlement-184338383.html
