A federal district judge approved a transformative NCAA settlement allowing colleges to pay student-athletes directly, effective July 1. This $2.8 billion settlement will compensate athletes from 2016 onward and enable revenue sharing of up to $20.5 million per institution per year. While the ruling alters the amateur status of student-athletes, experts anticipate ongoing legal disputes will arise over related issues like name, image, and likeness deals. Though colleges have begun preparations, they face logistical challenges with the impending July deadline for revenue sharing.
"The judge said, in essence, this is not a perfect settlement that solves everyone's concerns, but it makes progress towards 'righting the wrongs' of higher education's desire to maintain amateurism status for the players but no one else," Karen Weaver noted.
"It's historic," said a former college basketball player, highlighting the significant shift in the landscape of college athletics and athlete compensation.
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