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…
