A seismic change in college sports is on the horizon as a landmark NCAA settlement paves the way for college athletes to start getting paid. The NCAA and five major college sports conferences have agreed on a nearly $2.8 billion settlement that would be paid out over the next decade to over 14,000 former and current student-athletes. This agreement, if approved by a federal judge, would shift the landscape of college sports and signal the end of the NCAA’s amateurism model.
The settlement is being hailed as a “road map” that would provide unmatched opportunity for millions of students. It includes $2.77 billion in payments to athletes who were prevented from earning money from endorsement and sponsorship deals dating back to 2016. Additionally, schools would be allowed to set aside up to $21 million in revenue to share with athletes per year under a new compensation model.
While the terms of the deal were not disclosed, the potential impact of this settlement on college sports is significant. It opens the door for student-athletes to benefit financially from their talents and hard work, marking a major shift in the way college sports operate.
This news comes amidst other significant developments, including Americans arrested in Turks and Caicos on ammunition charges forming a close bond while awaiting sentencing, and a Tesla owner reporting that his car’s “self-driving” technology failed to detect a moving train. These stories highlight the diverse range of issues shaping the current news landscape.