College athletes are closer than ever to getting paid. Here's how it could work—and what stands in the way [Fortune]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Fortune
An agreement has not been finalized and many questions remain unanswered. It is also unclear if new rules could withstand further legal scrutiny, but it appears college sports is heading down a revolutionary path with at least some schools directly paying athletes to participate. Here's what is known and what still needs to be figured out: The case House vs. NCAA is a class-action federal lawsuit seeking damages for athletes who were denied the opportunity, going back to 2016, to earn money from use of their name, image or likeness — often referred to by the acronym NIL. The plaintiffs, including former Arizona State swimmer Grant House, are also asking the court to rule that NIL compensation should include billions of dollars in media rights fees that go to the NCAA and the wealthiest conferences (Big Ten, Big 12, Atlantic Coast and Southeastern), mostly for football and basketball. How much? The settlement being discussed could have the NCAA paying nearly $3 billion in dama
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