and the richest college athletic conferences joined with plaintiffs’ lawyers on Friday to enter a $2.8 billion settlement agreement of their class-action antitrust lawsuit.
The filing outlines in some detail how schools would be allowed for the first time to pay college athletes directly.
N.C.A.A., and two companion lawsuits would open the door to a new model for college athletics.
As soon as a year from now, schools could begin to spend up to slightly over $20 million a year to pay athletes, a ceiling that would rise along with college athletics revenues.
The settlement agreement sidesteps addressing Title IX, which among other things bars colleges from treating men’s and women’s sports unequally.
Locations:
California