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Impact of the $2.78 billion NCAA settlement on its financial model by end of 2025
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Official NCAA financial reports or public announcements
Story
Judge Claudia Wilken Grants Preliminary Approval to $2.78 Billion NCAA Athlete-Compensation Settlement
Oct 7, 2024, 02:38 PM
A federal judge, Claudia Wilken, has granted preliminary approval to a $2.78 billion settlement in the House v. NCAA case, which addresses athlete-compensation and name, image, and likeness (NIL) rights. The settlement, which faced opposition from several groups including the lead attorney from the landmark O'Bannon v. NCAA case, aims to establish a framework for revenue-sharing with college athletes. NCAA President Charlie Baker commented on the decision. The final approval hearing is scheduled for April 7, 2025. This decision marks a significant step towards a new financial model for college sports, but legal challenges remain.
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