Jeffrey Campolongo, (left) and Ashley Dabb, (right). NCAA Edges Closer to Being a Professional Sports League With $2.8B Class Action Settlement to Be Dispersed to Student Athletes
A landmark settlement in House v. NCAA was reached whereby the National Collegiate Athletic Association has agreed to pay nearly $2.8 billion in past damages for name, image, and likeness as part of the settlement to the Power 5 conferences (Big Ten, Big 12, PAC-12, Atlantic Coast Conference and Southeastern Conference).
June 17, 2024 at 11:49 AM
7 minute read
Major college athletics programs have gotten one step closer toward becoming professional sports, where athletes are paid a salary, can receive endorsement deals and may be governed by employment laws. Most recently, a landmark settlement in House v. NCAA, 545 F. Supp. 3d 804, Case 4:20-cv-03919 (N.D. Ca. 2021), was reached whereby the National Collegiate Athletic Association (NCAA) has agreed to pay nearly $2.8 billion in past damages for name, image, and likeness (NIL) as part of the settlement to the Power 5 conferences (Big Ten, Big 12, PAC-12, Atlantic Coast Conference and Southeastern Conference).
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