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Will the NCAA settlement agreement be approved by the court by December 31, 2024?
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NCAA Files Historic $2.8B Settlement with Scholarship Limits, Revenue Sharing
Jul 26, 2024, 09:14 PM
The NCAA and its Power Five conferences have filed a historic settlement agreement in the House v. NCAA case, which is set to transform college sports. The settlement includes $2.8 billion in back pay for athletes and introduces a new revenue-sharing model, allowing schools to provide up to 22% of their revenue to players. The agreement also proposes the expansion of scholarship limits across all sports, with football rosters capped at 105 scholarships, creating roughly 790 new scholarships. The settlement, which spans 10 years, will also create arbitration for enforcement disputes and aims to be implemented by the 2025-26 academic year. Additionally, the settlement mandates NIL transparency. The settlement is pending court approval and could face challenges from schools like Houston Christian University that object to the terms.
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