House V. The disposal of NCAA was given final approval by Judge Claudia Wilchen on Friday night, allowing colleges to first pay the players directly through revenue sharing.
The seal of the approval of Wilchen was required for a long time, and the disposal marks the end of the previous model of NCAA’s amateurism, with athletes not allowed to earn money while staying in school.
From July 1, schools can share up to $ 20.5 million of their revenue with their athletes. There will be an increase of at least four percent each year for the next 10 years.
Settlement also pays $ 2.8 billion for athletes, who missed out on an opportunity while staying in school between 2016 and 2024.
The ruling inhabited three different antitrust suits brought against NCAA, especially by East-Arizona State Swimmer Grant House and Women’s College Basketball player Sedona Prince.
It also makes the previous legal matter that opened the door for athletes to earn money in the first place. NCAA vs. Elston’s Supreme Court case decided about four years ago, losing the limits of earning money on their names, images and equality on college athletes.
The so -called Nil Deals quickly became a cover for the booster to raise money to pay salaries to the star players. Nil House V. The NCAA does not disappear under the colony, although a Nil clearinghouse operated by deliitte will soon be introduced to examine deals of athletes and determine if they are higher than their proper market price.
-Bield level media
