The federal class-action antitrust lawsuit claims the athletes lost out on more than $50 million during their college careers because of the association’s now-lifted ban on athletes being compensated for name, image and likeness.
U.S. District Judge Claudia Wilken did not rule on the request to grant preliminary approval of the deal. She told the NCAA and plaintiffs to “go back to the drawing board” to address issues she raised and report back to her in three weeks with solutions.
The National College Players Association said it is against the proposed $2.8 billion settlement agreement of antitrust litigation facing the Indianapolis-based NCAA and major college conferences.
According to a person with knowledge of the situation, members of the team had set up a makeshift, internal sportsbook where athletes could wager on the times posted by themselves or teammates at meets.
The federal antitrust cases was filed this week by former TCU baseball player Riley Cornelio and seeks class-action status for college baseball and hockey players.
Women’s basketball is valued at $65 million per tournament under its new media rights deal—roughly 10 times more than in the contract that ends this year.
For some, it looks like an overstep by the NCAA. Others see ample precedent in professional leagues to support regulating NIL.
Indianapolis has hosted the Big Ten’s men’s basketball tournament 13 times and the women’s tournament 25 times over the past 30 years.
According to the U.S. Olympic and Paralympic Committee, 21 U.S. teams competing in Paris have at least 80% college participation on their rosters.
The semifinals and championship game of the WBIT will be played in Hinkle Fieldhouse on the Butler University campus for the second straight year.
The NCAA along with the Atlantic Coast Conference, Big Ten Conference, Big 12, Pac-12 and Southeastern Conference agreed on May 23 to the framework of a $2.77 billion settlement of multiple antitrust lawsuits that were challenging limits on college athlete compensation.
The court, in the latest challenge to the Indianapolis-based NCAA’s long-held notion of “amateurism” in college sports, said a test should be developed to differentiate between students who play college sports for fun and those whose effort “crosses the legal line into work.”
The NCAA on Thursday announced plans to conduct both the Division II and Division III men’s basketball championship games and the semifinals and final of the National Invitational Tournament in Indianapolis, in conjunction with the Division I men’s Final Four.
The plan is intended to settle a host of federal antitrust claims and also clears the way for schools to share revenue with athletes, a dramatic step that all but ends the NCAA’s longstanding amateurism model.
Any penalties currently being served by student-athletes who previously tested positive for cannabinoids will be discontinued.
Many Division I schools expect their athletic budgets to be stressed by the House v. NCAA settlement, which would require back damages of $2.77 billion to be paid over 10 years to athletes.
The plan, which still needs approval from plaintiffs and a federal judge, calls for paying damages to thousands of former and current college athletes who say now-defunct NCAA rules prevented them from earning endorsement money.
The settlement could resolve three major antitrust lawsuits against the NCAA that carry the threat of some $20 billion in damages, a blow that would cripple the organization. The settlement includes dramatic changes to the NCAA’s amateur sports model.
The class-action lawsuit seeks back pay for college athletes who were denied name, image and likeness compensation dating to 2016.
A deadline looms next week for the NCAA and major conferences to agree to a deal that could cost billions in damages and set up a groundbreaking revenue-sharing system with college athletes.
