Takedown Report

NCAA, college leaders file landmark agreement in antitrust cases; here’s what was settled and what’s next

For decades, the NCAA and college sports leaders went to great lengths to both avoid court and congressional intervention.
Now, in the wake of a landmark settlement agreement, the courts hold significant oversight over the industry’s new model and only Congress can prevent what some college leaders see as an inevitable end — athlete employment.
The NCAA and power conferences on Friday filed their 100-plus page long-form agreement in the settlement of three antitrust lawsuits (House, Hubbard and Carter), ushering in a future of athlete revenue sharing, expanding scholarships to full rosters and creating a historic enforcement system of arbitration overseen by the courts. The new concepts take effect at the start of the 2025-26 academic year next summer or fall.
The plaintiff attorneys, representing thousands of athletes who brought the class-action suits over athlete compensation or lack thereof, separately filed documents Friday detailing how they plan to distribute nearly $2.8 billion in back damages to former players over a 10-year period.
According to documents sent to Yahoo Sports, 83% of the back pay — $2.3 billion — is expected to go to an estimated 19,000 football and men’s basketball players, many of them from power conferences. That is an average of about $120,000 per player over the 10-year period, or $12,000 a year. … more at … https://sports.yahoo.com/ncaa-college-leaders-file-landmark-agreement-in-antitrust-cases-heres-what-was-settled-and-whats-next-210539610.html

July 30, 2024 Posted by The TakeDown Report | Uncategorized | Leave a comment