The NCAA and college sports' wealthiest conferences are expected to file the full settlement agreement of antitrust lawsuits with a federal court by the end of the week. The $2.77 billion settlement, reached on May 23, involves the NCAA, Atlantic Coast Conference, Big Ten, Big 12, Pac-12, and Southeastern Conference. This settlement addresses challenges to limits on college athlete compensation.
As part of the agreement, eligible former and current college athletes from the House v. NCAA case will receive damages. Additionally, a revenue-sharing plan has been established to allow schools to share athletic-generated revenue with athletes. Starting in 2025, schools can allocate around $22 million to their athletes, with this amount expected to increase as athletic revenues rise for power conference schools.
