Menu
Colleges

NCAA Agrees To $200M Settlement To Athletes In Class-Action Suit Over Scholarship Value

The NCAA has agreed to pay nearly $208.7M to "settle part of a class-action lawsuit filed by student athletes who claimed the amount of scholarship money they could receive was unfairly capped below the actual cost of attending college," according to Marisa Kwiatkowski of the INDIANAPOLIS STAR. The settlement, which "still must be approved by a judge," would affect D-I men's and women's basketball and FBS student athletes from March '10 through the '16-17 academic year who "did not receive 'grants-in-aid' equal to the cost of attendance." Someone who played "for four years would receive about $6,763" (INDIANAPOLIS STAR, 2/5). USA TODAY's Steve Berkowitz reported the deal if approved "would be the second-largest legal settlement in the NCAA's history." Similar litigation in a case led by former Stanford football player Jason White ended in '08 with a deal worth just under $230M. If the proposed agreement is approved, athletes who are "eligible for a payment will not have to file a claim form -- they will simply receive a check." The payout amounts will be "based on the number of years the athletes were on scholarship and on the difference between the value of the scholarship they received and the cost of attendance at their school at the time" (USATODAY.com, 2/4). In N.Y., Ben Strauss noted about 40,000 athletes would be "eligible to receive payments" under the deal. Other aspects of the lawsuit "remain unresolved, including an effort to eliminate all restrictions on compensation for college athletes." The NCAA in a statement said the deal "maintains cost of attendance as an appropriate dividing line between collegiate and professional sports" (N.Y. TIMES, 2/5).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2017/02/06/Colleges/NCAA.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2017/02/06/Colleges/NCAA.aspx

CLOSE