The recent approval of a House settlement has brought much-needed clarity to college sports, especially regarding NIL rules. This decision facilitates a revenue-sharing model between universities and athletes, as the NCAA plans to pay nearly $2.8 billion to former athletes over ten years. With a focus on long-term stability, the settlement aims to protect against abuses in the college sports system. The formation of the College Sports Commission, led by Bryan Seeley, will help ensure compliance with NCAA rules established by this agreement.
Southeastern Conference commissioner Greg Sankey emphasized the settlement as a "significant step forward toward building long-term stability for college sports while protecting the system from bad actors."
The NCAA will pay close to $2.8 billion to former athletes across a 10-year period, allowing revenue-sharing that supports current athletes with up to $20.5 million per year.
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