NCAA reaches agreement to allow payments to college players for the first time in history – La Opinion

NCAA reaches agreement to allow payments to college players for the first time in history – La Opinion

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The NCAA, National University Sports Association, signed an agreement this Thursday with five conferences that will pave the way to allow schools to pay their athletes for the first time in more than 100 years history of university sports in the country.

The Big Ten, Southeastern, Pac-12, Atlantic Coast and Big 12 conferences announced the agreement with the NCAA, the governing body of college sports, which will pay more than $2.7 billion in damages over 10 years to past and current athletes, sources told ESPN.

The pact also includes a revenue sharing plan that allows each school to share up to approximately $20 million dollars per year with its athletes.

“The agreement is an important step in the continued reform of college sports that will provide benefits to student-athletes and “will provide clarity in college athletics in all divisions for years to come,” NCAA President Charlie Baker and the five energy conference commissioners said Thursday in a joint statement.

The agreement still needs to be ratified by a federal court in California to be official.

All the athletes of the Division I players dating back to 2016 are eligible to receive a share as members of the settlement class. In exchange, athletes cannot sue the NCAA for other potential antitrust violations and must withdraw their complaints in three open cases: House v. NCAA, Hubbard v. NCAA, and Carter v. NCAA.

That process is expected to take several months and sources said the schools will likely begin sharing revenue in the fall of 2025.

“This historic arrangement will put college sports into the 21st century. College athletes can finally receive a fair share of the billions of dollars in revenue they generate for their schools,” said Steve Berman, one of the lead attorneys for the plaintiffs.

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