- May 23rd, 2024, 8:24 pm
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ESPN.com wrote:NCAA, power conferences agree to allow schools to pay playersClick Here for Full Story
Dan Murphy
Pete Thamel
May 23, 2024, 07:34 PM ET
The NCAA and its five power conferences have agreed to allow schools to directly pay players for the first time in the 100-plus-year history of college sports.
The NCAA and its leagues are planning to alert plaintiffs' attorneys Thursday that they are prepared to move forward with a multibillion-dollar agreement to settle three pending federal antitrust cases, sources told ESPN. The NCAA will pay more than $2.7 billion in damages over 10 years to past and current athletes, according to sources. Sources said the parties also have agreed to a revenue-sharing plan allowing each school to share up to roughly $20 million per year with its athletes.
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