NCAA sports deal set to transform college athletics

[RandySF]

College sports authorities and antitrust attorneys unveiled a sweeping deal Friday that would pay players billions of dollars in damages, create an unprecedented athlete compensation model — and renew pressure on Congress to protect one of higher education’s biggest industries.

NCAA officials, the country’s biggest college sports programs and attorneys representing former athletes offered a federal judge their proposals to settle three antitrust lawsuits that target restrictions on pay and benefits players can receive for their work and publicity rights.

The proposed settlement would transform the rules surrounding the country’s multibillion-dollar college athletics business, if approved by U.S. District Court Judge Claudia Wilken after a legal review that is expected to stretch over several months in her California courtroom.

“NCAA college athletes have waited decades for this moment, and their right to receive the full value of their hard work has finally arrived,” Steve Berman, one of the athletes’ attorneys, said in a statement.

The deal, which followed weeks of backroom negotiations, would allow schools to pay players a share of the revenue generated by major college sports programs. It would also pay nearly $2.8 billion in back damages to athletes over a 10-year period. It would eliminate limits on the number of scholarships college programs can offer players and establish caps on team roster sizes.




https://www.politico.com/news/2024/07/26/college-sports-settlement-ncaa-00171484

[msongs]

1. cancel college inter school athletics. go back to intramural and let the rest be privatized for what it is. you

want an nfl career? do it on your own dime, not the taxpayers' nt

[Thunderbeast]

2. The highest paid public employee in most states is a football coach...

As a result, the largest beneficiaries of struggling state pension funds are Coaches and athletic directors.

Time to get them off of the public dime!

[LisaM]

3. Those huge salaries aren't on the public dime.

They come from donors, who have figured out how to set up special entities to do it.

I calculated how much a full scholarship for a University of Washington football player over four years would be, and (including tuition, room and board, but not including clothing, the trips the teams take, etc.), it was approximately $250,000 over four years. That's not insignificant. And it gives the University some control over academics. We are going to end up with athletes who don't even pretend to go to class.

[AZProgressive]

4. If you take an Economics of Sports class

You will learn the old model of not paying athletes fair market value doesn't really exist in other legitimate businesses. Athletes are labor that Universities & others make a boatload of money off of. It is only fair that labor is compensated fairly.