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May 14, 2024

Legal News

May 14, 2024

NCAA Faces Fresh Legal Challenges

According to anonymous sources cited by ESPN, the NCAA's national office is potentially facing a settlement exceeding $2.7 billion in the case of House vs. NCAA and other related antitrust litigations. The NCAA has been under scrutiny due to its "name, image, and likeness" (NIL) policy, which has resulted in multiple class-action lawsuits concerning the compensation of athletes.

In a Tennessee federal court, several states have accused the organization of imposing restrictions that unfairly restrict athletes' ability to negotiate with third parties. The NIL policy, implemented in 2021, has led to the establishment of approximately 200 donor-funded "collectives," which operate independently of the schools they represent and have contributed to the creation of a market valued at over $1 billion, as reported by Business Insider. According to Yahoo Sports, the most recent top 10 list of NIL earners comprises seven football players, two basketball players, and a gymnast.

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