NCAA agrees to $208.7 million settlement with athletes

[jonvi]

Thousands of college athletes who received traditional sports scholarships rather a new version that covers the full cost of attending school will be compensated for the difference under a $208.7 million settlement reached Friday night between the NCAA and plaintiffs in a presumptive class-action antitrust lawsuit against the association and 11 major conferences.

The deal, which must be approved by a federal judge, would be the second-largest legal settlement in the NCAA's history. Similar litigation in a case led by Stanford football football player Jason White ended in 2008 with an agreement worth just under $230 million.

Friday’s proposed agreement, at its simplest level, would apply to scholarship athletes in Division I men’s basketball, Division I women’s basketball or Bowl Subdivision football whose award was limited by NCAA rules to basically tuition, room, board, books and fees. Those athletes would be eligible for money from the settlement if they were on scholarship during the 2009-10 school year -- or if they were on scholarship at any time between then and Aug. 1, 2015, when an NCAA rules change let Division I schools begin giving athletes in any sport a scholarship that covers the full cost of attendance.

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NCAA agrees to $208.7 million settlement with athletes

 

[tducey]

Very interesting, don't know if this covers it or not but the fact there's so much interest in college sports you would think these athletes would be given some sort of wage.