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NCAA approves deal to allow college athletes to be paid by schools

May 24, 2024
in Market & News
Reading Time: 1 min read
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NCAA approves deal to allow college athletes to be paid by schools
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The NCAA and its five power conferences have approved a deal that paves the way for schools to pay athletes directly, a change that would crush any last notions of amateurism in major college sports.

The agreement, which settles three antitrust cases and was voted on throughout this week, includes almost $2.8 billion in damages. That money will be distributed to current and former athletes, who sued in House v. NCAA over not being compensated for the use of their name, image and likeness (NIL) on television broadcasts.

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