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NCAA, conferences agree to pay $208.7 million in cost of attendance settlement

The NCAA and college sports' major conferences announced Friday a preliminary settlement of $208.7 million with plaintiffs who received athletic scholarships before cost-of-attendance stipends were allowed. If approved, the average class member who played his or her sport for four years would receive approximately $6,763.

Filed in 2014 by former West Virginia football player Shawne Alston and later consolidated with other cases, the lawsuit claimed the NCAA and conferences violated antitrust law by capping the value of an athletic scholarship at less than the actual cost of attending college. The NCAA and conferences have since changed their rule to allow cost-of-attendance stipends.