House Settlement

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#5
www.usatoday.com

NCAA, college sports cleared for revenue sharing with athletes after settlement approved

NCAA member schools can compensate players across all sports beginning July 1, according to approval issued by U.S. District Judge Claudia Wilken.
www.usatoday.com


According to the approval issued by U.S. District Judge Claudia Wilken in Oakland, California, schools will be able to compensate their athletes for the use of their name, image and likeness across all sports through an expected initial annual allotment of $20 million-$23 million per school, according to estimates. The changes are set to go into effect July 1.
 
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#9
Schools are now free to begin paying their athletes directly, marking the dawn of a new era in college sports brought about by a multibillion-dollar legal settlement that was formally approved Friday.

Judge Claudia Wilken approved the deal between the NCAA, its most powerful conferences and lawyers representing all Division I athletes. The House v. NCAA settlement ends three separate federal antitrust lawsuits, all of which claimed the NCAA was illegally limiting the earning power of college athletes.

www.espn.com

Judge grants final approval to House settlement

Schools are now free to begin paying their athletes directly, marking the dawn of a new era in college sports brought about by a multibillion-dollar legal settlement that was formally approved Friday.
www.espn.com www.espn.com
 
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#11
#11
KnoxVillain said:
I believe schools could effectively contract players now so that negates some of the fluidity of players transferring. At least in theory…
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Why would a player sign that contract and limit their earning potential via the portal if someone gives them a better offer?

Any school not trying to limit your earnings as a player is immediately a better a choice, so I'm doubtful a school wants to be "that school" who tries to tie down players.
 
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#12
Isn’t our administration against this ruling?

Not necessarily the admin but I know Tony V is not a fan of the 34 roster limit for baseball.
 
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#16
#16
SayUWantAreVOLution said:
Why would a player sign that contract and limit their earning potential via the portal if someone gives them a better offer?

Any school not trying to limit your earnings as a player is immediately a better a choice, so I'm doubtful a school wants to be "that school" who tries to tie down players.
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Or which school wants to be the school that locks a kid in for 4 years based on potential, only to find out potential is all it was, he never produced.

Either way, I think the lawsuits against this will probably start being filed on Monday, making it just another stop along the way to full professional college sports.
 
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#18
#18
This settlement includes 2 main components: 1) schools paying for play. This includes an initial cap of $20.5 million per school to pay to players at schools option. Most think that majority of that money will go to football & basketball players, but that will be decided by each school.

2) NIL - players will still be allowed to accept NIL deals.The difference is that there will be a 3rd party “Clearinghouse” that will be set up to review NIL deals to make sure they are “fair market value”. I’m assuming this will do away with the current Collectives. This will be a mess in my opinion.
 
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#19
#19
Okie said:
Or which school wants to be the school that locks a kid in for 4 years based on potential, only to find out potential is all it was, he never produced.

Either way, I think the lawsuits against this will probably start being filed on Monday, making it just another stop along the way to full professional college sports.
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Yeah, coaches aren't going to go for having guys under contract they cannot cut or if they do cut, they either get sued for breach or have to eat the contract money.
 
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#20
DCharVol said:
This settlement includes 2 main components: 1) schools paying for play. This includes an initial cap of $20.5 million per school to pay to players at schools option. Most think that majority of that money will go to football & basketball players, but that will be decided by each school.

2) NIL - players will still be allowed to accept NIL deals.The difference is that there will be a 3rd party “Clearinghouse” that will be set up to review NIL deals to make sure they are “fair market value”. I’m assuming this will do away with the current Collectives. This will be a mess in my opinion.
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The "Clearinghouse" is likely illegal. The schools and NCAA have a long way to go, IMO, to establish their right to police NIL or have someone else police NIL.

Why should they have that right over a player's NIL? They've lost that lawsuit repeatedly already. The players didn't agree to this lawsuit with some kind of collective bargaining nor can they opt in or out as far as I know. If they can, they'll all opt out of having their NIL limited.
 
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#21
#21
Wake me up when someone is getting paid to play ball and not for their NIL. This is a step, but no one’s really addressing the amateurism element yet.
 
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#23
UT_Tix79 said:
Was just approved. Allows schools to start paying players directly, amongst other things.

Should be good for us
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So we are back to the legal salary cap for all schools and the illegal payments under the table allowed by the favored schools not named Tennessee think Alabama. How is his good for Tennessee?
 
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#25
#25
Brave Volunteer said:
So does this mean the NIL collectives can be brought in-house or will they continue to operate outside of the universities?
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With a $20M +/- in house cap, successful schools are going to need more than that so there will have to be more money outside of the school.

It's just a matter of how much a school is willing to spend on athletics but if Ohio State spent about $20M JUST on football, you can see more money is going to be needed for other sports there.

House doesn't change much, IMO, except to push the ball toward "student athletes" becoming "employee athletes."
 
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