Court filing reveals terms of NCAA antitrust lawsuits settlement - ESPN

The NCAA, its five power conferences and lawyers representing a class of Division I athletes filed the detailed terms of an antitrust lawsuit Friday that has the potential to reshape the business of college sports.

The parties agreed in late May to settle a trio of lawsuits (House v. NCAA, Hubbard v. NCAA and Carter v. NCAA) about the various ways schools compensate their athletes. Friday's filing is the first of several important steps toward formalizing the agreement. The new details outline how past athletes will share the $2.78 billion in damages that the NCAA has agreed to pay, sets up a new system for revenue sharing and outlines new roster limits for a long list of college sports, among other items.

«This is another important step in the ongoing effort to provide increased benefits to student-athletes while creating a stable and sustainable model for the future of college sports,» the NCAA and its power conferences said in a statement Friday evening. «While there is still much work to be done in the settlement approval process, this is a significant step toward establishing clarity for the future of all of Division I athletics while maintaining a lasting education-based model for college sports, ensuring the opportunity for student-athletes to earn a degree and the tools necessary to be successful in life after sports.»

Schools will be permitted for the first time to pay their athletes directly via name, image and likeness (NIL) deals under the terms of the settlement. Each school could provide up to 22% of the average revenue that power conference schools generate from media rights, ticket sales and sponsorships — a sum that is expected to be between $20 and $22 million per school when the settlement goes into