https://www.heartlandcollegesports.com/ ... es-report/
In a move that would seismically change college sports as we know it, there are “deep discussions” regarding a legal settlement that would give NCAA athletes revenue sharing, according to a new report from ESPN’s Dan Murphy and Pete Thamel. This is off the backs of a NIL antitrust class action lawsuit against the NCAA in Washington D.C.
The report notes that any legal settlement would “likely lay out the framework for sharing revenue with athletes in a future NCAA business model.”
The legal case, House vs. NCAA, argues that the NCAA is breaking federal law by placing any restrictions on how athletes make money from selling the rights to their name, image or likeness. The case is scheduled to go to court in January 2025.
Why settle? Well, if the plaintiffs win at trial, the NCAA and its schools could be liable to pay more than $4 billion in damages.
Revenue sharing with players in serious consideration
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SCKSCat
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Revenue sharing with players in serious consideration
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SCKSCat
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One benefit from this would be returning some stability. Fans like stability in sports. Stability is important for schools to build programs and not compete in a Bachelorette environment player meat market.
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SCKSCat
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https://www.cbssports.com/college-footb ... athletics/
The SEC and Big Ten are at the center of developing a revenue sharing plan with players that would redefine college athletics for the future, CBS Sports has learned.
The still unrefined proposal -- currently utilizing the name "Modern Model" -- would not only share revenue with players but also perhaps help settle the House v. NCAA lawsuit that goes to trial in January 2025. The antitrust lawsuit is a class-action complaint alleging the NCAA and power conferences have conspired to suppress athletes' compensation.
The lawsuit continues to be the top hurdle for programs in planning college athletics' future. Settlement money alone could cost universities between $15 million and $20 million. Athletic directors have been frustrated trying to figure out how to rearrange their budgets or otherwise account for a payment of that size.
The SEC and Big Ten are at the center of developing a revenue sharing plan with players that would redefine college athletics for the future, CBS Sports has learned.
The still unrefined proposal -- currently utilizing the name "Modern Model" -- would not only share revenue with players but also perhaps help settle the House v. NCAA lawsuit that goes to trial in January 2025. The antitrust lawsuit is a class-action complaint alleging the NCAA and power conferences have conspired to suppress athletes' compensation.
The lawsuit continues to be the top hurdle for programs in planning college athletics' future. Settlement money alone could cost universities between $15 million and $20 million. Athletic directors have been frustrated trying to figure out how to rearrange their budgets or otherwise account for a payment of that size.
