Credit: Richard Paul Kane/Shutterstock.com U.S. District Court Grants Preliminary Approval to NCAA $2.78B Settlement
The settlement would resolve three major antitrust lawsuits filed against the NCAA. The value of new payments and benefits to college athletes is expected to exceed $20 billion over 10 years.
October 08, 2024 at 02:11 PM
5 minute read
What You Need to Know
- The settlement would transform college sports by allowing schools to pay players.
- Former college athletes as far back as 2016 could apply for a share of the funds.
- A final hearing is scheduled for April 2025.
A federal judge in California has granted preliminary approval to the $2.78 billion legal settlement that would transform college sports by allowing schools to pay players.
U.S. District Judge Claudia Wilken of the Northern District of California released an order Monday setting a timeline for a deal that would put millions of dollars into the pockets of college athletes, who can begin applying for payment on Oct. 18.
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