NCAA settlement for college athletes

A $2.78 billion antitrust settlement between the NCAA and five power conferences will allow thousands of former college athletes to receive payments, with amounts ranging from a few dollars to over a million. The agreement, filed in federal court, aims to reshape college athletics by permitting schools to directly compensate athletes for the first time, while regulating payments from boosters. The settlement includes provisions for roster caps, monitoring of financial payments, and guidelines for third-party payments, with damages expected to be distributed over the next decade. Most funds will likely go to football and basketball players from power conferences, who generate the most revenue. This settlement, covering three lawsuits including House v. NCAA, could signal the end of the amateur model in college sports and establish a new revenue-sharing framework. The NCAA plans to leverage this agreement to seek protections from future antitrust lawsuits and employee classification claims.