In another parting shot at the NCAA from the Biden Administration, the Department of Justice on Friday filed a statement of interest to the judge presiding over the $2.8 billion House case settlement, expressing concerns about the proposed cap on how much revenue schools can share with their athletes.
The NCAA and power conferences are awaiting final approval from a federal judge of the antitrust lawsuit settlement that will pave the way for schools to begin sharing revenue directly with its athletes next school year.
“The landmark settlement reached on behalf of hundreds of thousands of student-athletes is consistent with antitrust law and will create a new era of college sports that will bring the permissible benefits for student-athletes to nearly 50 percent of athletic revenues,” Tim Buckley, the NCAA senior vice president for external affairs, told The Athletic. “The Association looks forward to advancing the agreed-on settlement through the court process to usher in a more equitable, sustainable future for college sports.”
The terms of the settlement will allow schools to share up to $20.5 million per year with their athletes, though that number is expected to grow throughout the 10-year agreement.
“Plaintiffs look forward to advancing the agreed-on settlement…
