We last wrote about the changing college sports landscape, as it relates to the House Settlement, in early June shortly before Judge Claudia Wilken granted it final approval.
In short, the settlement:
- Allows schools to directly share revenue with their student-athletes, to the tune of approximately $20.5 million per year, with the bulk of that going to football and men’s basketball players. Although universities can decide exactly how to distribute their rev share, this effectively created a salary cap for their athletes. College athletes can continue to make money from Name, Image, and Likeness (NIL) deals but this was expected to be more closely regulated under the terms of the settlement.