Big News – The NCAA Just Reached A Settlement That Means Current And Former College Athletes In Florida Will Get Paid Billions Of Dollars! Find Out If You’re Eligible!
The Florida Law Group is helping college athletes understand the implications of the recent NCAA class action lawsuit (House v. NCAA) that is all over the news; it’s a landmark case in college sports, and the bottom line is that now college athletes can share in the often ludicrous revenue that they help generate for their schools.
How do you know if you’re included in the class, if there’s money coming your way, and what you have to do to get it? There’s tons of information online and in sports talk shows, but as the case JUST settled, there are a ton of unknowns.
The best way to make sure that you’re not missing out on your fair share is to work with an attorney who is following the case closely and who can give you legal help!
Call us today to schedule your free consultation and find out how our firm can assist you! There is no obligation to work with us until you are confident in our ability to achieve your goals.
About The Case – What To Know
The case is so historic, and is making so many headlines, because the NCAA has always maintained an amateurism model; now, with this settlement, that model is defeated.
Former Arizona State swimmer Grant House and Former Oregon basketball player and Current TCU basketball player Sedona Prince brought a legal complaint against the NCAA that they, along with the 5 wealthiest conferences, improperly barred athletes from receiving their share of the billions of dollars that the NCAA and those conferences earn from media rights agreements with television networks.
This is not the first legal issue with amateurism that the NCAA has faced, and it may not be the last. In 2014, the NCAA lost in trial against Ed O’Bannon, former UCLA basketball star, over NIL rights (Name, Image, Likeness) and compensation. In 2021, the Supreme Court unanimously ruled against the NCAA in a decision (NCAA v. Alston) that there should be no limit to the education-related benefits that institutions can offer to student athletes.
About The Settlement – What To Know
- The NCAA agreed to pay $2.77 billion in past damages to current AND former athletes, back to 2016. This amount will be paid out over the next 10 years to an estimated over 15,000 players who did not receive NIL benefits between 2016 and 2021.
- The NCAA also removed rules that prevented direct revenue-sharing between schools and college athletes.
- In the new compensation model, the settlement agreement calls for schools to pay collegiate players 22% of the average annual athletic department revenue among schools in the top conferences (over $20 million per school). They are permitted to do this, but it is not required.
- Schools will be permitted, though not required, to pay athletes in all sports; schools are given the freedom to decide how that money is divided among programs.
- As it currently stands, this does not mean that college athletes are employees, but there are many pending complaints that could change this in the very near future.
- There are MANY questions about how this will affect women’s college sports. Because of Title IX, schools are required to pay out scholarships in equal proportion to women as they do to men, but it hasn’t been worked out if this will legally apply to revenue payments.
- The deal still has to be approved by a federal judge.
- It is unclear how the settlement will be divided.
How The Florida Law Group Can Help
If you’re in the class – that is, you suspect that you are one of the players that the settlement applies to (that is, you were a college athlete after 2016 who didn’t receive NIL payments), or you are a current college athlete in a Division 1 school – you need to stay up to date on the latest legal facts of the case so you don’t miss out on potential benefits or on other rights that you can claim!
The Florida Law Group has recovered over $1 billion for our clients. Our class action lawyers are highly experienced and have been named in the Top 100 Trial Lawyers; our lead attorney, Chris Limberopoulos, is a board-certified civil trial specialist – an expert in class action cases. We’re standing by to help you! Call today to schedule a free consultation.
