Settlement could cost NCAA nearly $3 billion; plan to pay athletes would need federal protection

Release time：2024-06-03 18:02:15 Source：Stellar Stream news portal

SCOTTSDALE, Ariz. (AP) — The NCAA and major college conferences are considering a possible settlement of an antitrust lawsuit that could cost them billions in damages and force schools to share athletics-related revenue with their athletes.

But even if college sports leaders create a new, more professional model for collegiate athletics they likely would need help from Congress if athletes are not classified as employees.

Two people familiar with settlement discussions related to House vs. the NCAA told the AP on Friday the association could pay out $2.9 billion in damages over 10 years to resolve the class-action lawsuit — which is set to go to trial in January. Schools in the Big Ten, Big 12, Atlantic Coast Conference and Southeastern Conference could be on the hook for about $30 million per year, which would include about $20 million annually directed to their athletes.

Related articles