College sports on verge of seismic shift with revenue sharing
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College athletics as we know it could be on the brink of change, thanks in large part to an upcoming antitrust lawsuit that is set to go to trial in January 2025.
The most talked about subject in college athletics at the moment centers around revenue sharing for student athletes, along with former players involved in the House vs. NCAA lawsuit. As we currently stand, the lawsuit filed against the NCAA by current and former players could lead to a judgment of nearly $4 billion to the plaintiffs.
Most experts agree the NCAA will end up having to pay these athletes, with a judgment that could rule in the plaintiffs favor and change the landscape of college athletics when it comes to revenue sharing. According to a report from Pete Thamel and Dan Murphy, the lawsuits have been at the forefront of conversations by conference commissioners and NCAA leaders, which led to ‘deep discussions’ regarding the matter last week in Dallas, where CFP leaders held their Spring summit.
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SEC Commissioner Greg Sankey speaks during Day One of 2023 SEC Media Days at Grand Hyatt Nashville on July 17, 2023 in Nashville, Tennessee. (Johnnie Izquierdo/Getty Images)
Besides having to classify athletes as employees of a particular university, the NCAA is trying its hardest to stay away from this classification. One of the more difficult conversations being had besides revenue sharing with current student athletes centers around the NCAA being forced to backpay athletes, which could lead to around $1 billion in settlement figures.
The ongoing settlement discussions would keep all sides out of a court room.