NEWYou can now listen to PK Press Club articles!
Friday, a federal judge granted final approval to the regulation of $ 2.8 billion which will allow colleges and universities to start paying the athletes directly.
Judge Claudia Wilken approved the settlement on Friday which will allow schools to pay their athletes next month.
The radical terms of the so-called house regulation include the approval of each school to share up to $ 20.5 million with athletes in the next year and $ 2.7 billion which will be paid over the next decade to thousands of former players who have been prohibited from this turnover for years.
CLICK HERE for more sports cover on Foxnews.com
Friday, a federal judge signed the regulation of $ 2.8 billion between university athletes and NCAA, paving the way for schools to start paying their athletes. (Mitchell Layton / Getty images)
Payments will be determined according to the sport and the duration of the sports career, With most football And male basketball players capable of receiving nearly $ 135,000 each.
However, the highest estimated payment should be nearly $ 2 million, thanks to “Lost Nil Opportunities”, according to the law firm.
Almost five years after the swimmer of the Arizona State Grant House continued the NCAA and her five largest conferences to raise restrictions on income sharing, Wilken approved the final proposal that had been hung on the limits of alignment, just one of the many changes to come in the middle of the concerns that thousands of athletes on foot lose their chance to practice university sports.
The agreement covers three antitrust cases – including the collective recourse known as the House against the NCAA – which challenged the NCAA remuneration rules dating from 2016. The complainants said that the NCAA rules refused thousands of athletes the possibility of gaining millions of dollars of the use of their names, images and sympathetic.
An official NCAA’s official ball logo is seen on a basketball ball before the Basketball match in the National Championship of Division II of the NCAA between the Mavericks of the Minnesota State and the Sharks Nova in the Southeast on March 30, 2024, at the Ford Center in Evansville, Indiana. (Michael Allio / Icon Sportswire via Getty Images)
Simone Biles Spars with Riley Gaines on the debate of Trans athletes, launches personal attacks: “ really sick ” ‘
NCAA has raised its ban on athletes who earn money through approval and sponsorship agreements in 2021.
At one point, President Donald Trump envisaged a decree to regulate the name, image and resemblance in university sports after having met the legendary coach of Alabama Crimson Tide Nick Saban, Wall Street Newspaper reported.
On PK Press Club last year, Saban urged the congress to intervene and null “equal to all levels”.
“And I think it should always exist for all players, but not only a payment system as we now have where the one who collects the most money in their collective can pay the most for players, which is not a fair playground. I think in any place of competition, you want to have guidelines that give everyone an equal opportunity to have a chance to succeed,” he said.
President Donald Trump shakes hands with the legendary Alabama football coach, Nick Saban, before pronouncing a special opening address to graduates of the University of Alabama at Coleman Coliseum. The graduation occurs during the weekend. (Gary Cosby Jr.-tstcaloosa News)
The regulations also requested an exchange center to ensure that any zero transaction worth more than $ 600 is fixed at a just market value to try to thwart the supposed payment offers.
