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ARTICLE · 11 JUNE 2024

More Money, More Problems For Collegiate Athletics?

Venable LLP
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The ball keeps rolling on potentially big compensation for college athletes. In a landmark proposed settlement (Settlement), the National College Athletics Association (NCAA)...

United StatesEmployment and HR
Benjamin E. Stockman
Benjamin E. Stockman
Allison B. Gotfried
Allison B. Gotfried
Teresa M. Biviano
Teresa M. Biviano

The ball keeps rolling on potentially big compensation for college athletes. In a landmark proposed settlement (Settlement), the National College Athletics Association (NCAA) and the Atlantic Coast Conference, Big Ten Conference, Big 12 Conference, Pac-12 Conference, and Southeastern Conference (collectively, the Power Five Conferences) have agreed to pay a class of former NCAA student-athletes $2.8 billion to settle the consolidated antitrust case, House v. NCAA. The Settlement payment compensates certain former collegiate athletes for income they allege they should have received between 2016 and 2020 and will be paid out over 10 years by the NCAA and the athletic conferences (including smaller conferences that are not part of the Power Five Conferences). While the Settlement's $2.8 billion payout is a massive number, it is not even the biggest news from the Settlement. Under the Settlement, Division I schools will be allowed to establish a revenue-sharing framework

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