Last week, the NCAA and Americaâs five largest athletic conferences (the Power Five) agreed to a $2.8 billion settlement that would reverse the amateur model thatâs governed college sports since 1906. Translation: college athletes are one step closer to getting that bag â directly from their respective schools.
The settlement, which would resolve three ongoing antitrust cases from current and former athletes, has two parts:
Under the future model, D1 schools could distribute up to 22% of the average athletic departmentâs revenue â starting at ~$20 million/year â to their athletes, with full discretion over how those funds are distributed.
The deal doesnât explicitly address Title IX, a federal law that requires schools to provide equal opportunities for athletes regardless of their gender. But the law still applies, leaving universities in a seemingly lose-lose position:
đ Looking ahead⊠The landmark settlement now heads to a federal judge for approval, which is expected to take several months. If ratified, revenue-sharing payments to athletes would likely begin in Fall 2025.
âł The 88th Masters teed off yesterday in Augusta, Georgia. And the tournament comes as participation in golf is on the upswing, reaching levels not seen since the âTiger Woods Boom.â
đ It was a record-setting March Madness on both the menâs and womenâs side.
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