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ARTICLE · 27 MAY 2024

NCAA Board Approves Settlement Terms In Antitrust Lawsuits

Jackson Lewis P.C.
Jackson Lewis P.C.
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The NCAA Board of Governors has voted to approve the terms of a settlement that would resolve several antitrust lawsuits against the NCAA...

United StatesAntitrust/Competition Law
Jared A. Medrano
Jared A. Medrano

The NCAA Board of Governors has voted to approve the terms of a settlement that would resolve several antitrust lawsuits against the NCAA and would require the organization to pay nearly $2.8 billion over a 10-year period to former Division I athletes and institute a revenue-sharing model between certain schools and athletes. The details of the settlement are still being negotiated. Once finalized, the agreement must be submitted for court approval.

One of the lawsuits, House v. NCAA, alleges the NCAA and its "Power 5" athletic conferences violated antitrust laws by barring athletes from receiving name, image, and likeness (NIL) compensation prior to 2021 and by prohibiting revenue-sharing from television broadcasting agreements and similar contracts with athletes.

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