A $2.8 billion settlement will change college sports forever. Here's how

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A $2.8 billion settlement will change college sports forever. Here’s how...

https://apnews.com/article/ncaa-house-settlement-aa3169056e8194aeebf34495641bce0b

A key component of the settlement is the $2.7 billion in back pay going to athletes who competed between 2016-24 and were either fully or partially shut out from those payments under previous NCAA rules. That money will come from the NCAA and its conferences (but really from the schools, who will receive lower-than-normal payouts from things like March Madness).

Because football and men’s basketball are the primary revenue drivers at most schools, and that money helps fund all the other sports, it stands to reason that the football and basketball players will get most of the money. But that is one of the most difficult calculations for the schools to make. There could be Title IX equity concerns as well.

The settlement calls for roster limits that will reduce the number of players on all teams while making all of those players — not just a portion — eligible for full scholarships. This figures to have an outsize impact on Olympic-sport athletes, whose scholarships cost as much as that of a football player but whose sports don’t produce revenue. There are concerns that the pipeline of college talent for Team USA will take a hit.
 
The settlement starts the process of putting some guardrails around the sport.
They badly needed to pay players, but the NCAA dragged their feet for so long that it all fell apart and opened floodgates.

Now they will need the help of Congress to get it all settled into law.
Anyone needing Congressional help is desperate and likely out of luck but the bills coming up are across both parties so there is a decent chance they get passed and hand the D1 schools an anti-trust exemption like the NFL.

The P4 has a means of forcing each school to sign binding agreements that set certain parameters such as pay and self-policing NIL.
 

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