January 30, 2008
NCAA Agrees to Pay Up to $228-Million to Settle Vast Antitrust Case Brought by Athletes
In a move that would provide tens of thousands of athletes with more money for college expenses, the National Collegiate Athletic Association agreed on Tuesday to reallocate up to $228-million to settle a massive antitrust lawsuit filed by four former players. But the deal could have costly implications for colleges in the coming years.
Under the settlement, which must still be approved by a federal court in California, the NCAA agreed to set aside $218-million over the next