NCAA president Charlie Baker announced a multi-billion dollar settlement approval during a keynote address at a convention, highlighting its significance in shaping the future of college athletics. This landmark deal resolves antitrust lawsuits alleging restricted earnings for athletes. Baker emphasized the settlement as a beneficial change for the NCAA, providing opportunities rather than financial despair. The NCAA will pay approximately $2.8 billion in back damages to athletes over ten years, alongside new regulations allowing schools to share an additional $20.5 million in revenue with their athletes starting in 2025-26.
"No one in this room needs to hear me say that this is one of the biggest changes ever in college sports... it’s a far better future than virtually every other alternative that could have been in front of us."
"Is the settlement disruptive? Very much so. But it is an opportunity for the DI community to pay for back damages over 10 years, instead [of] triple that amount all at once."
Collection
[
|
...
]