On May 23, 2024, the NCAA and the individual conferences reached a settlement in several major antitrust class-action lawsuits. This landmark settlement could reshape college sports by offering compensation and revenue-sharing opportunities to thousands of Division 1 athletes.
In 2020, former college athletes filed lawsuits against the NCAA, claiming it violated antitrust laws by preventing athletes from receiving Name, Image, and Likeness (NIL) compensation before 2021. The lawsuit grew to include over 15,000 athletes after class-action certification in 2023.
Eligibility: Division 1 football and basketball players from June 15, 2016, to September 15, 2024, may be eligible for compensation.
Compensation: The settlement provides for back-pay damages and future revenue-sharing from broadcasting agreements.
Revenue Sharing: Power-conference schools can distribute up to 22% of their annual revenue to athletes, in addition to scholarships, health care, and NIL payments.
The settlement terms are still being finalized, but preliminary approval is expected soon. Eligible athletes will have the chance to opt out or object to the terms. If finalized, this agreement could take effect by the 2025-26 academic year.
If you believe you qualify or want to know more about your rights, contact Eaves Law Firm for assistance.