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NCAA votes to approve $2.8B settlement in House, Hubbard and Carter cases

In the spring of 2021, attorneys for the NCAA, appearing before the U.S. Supreme Court, argued vehemently against providing each college athlete with additional cash annually.

The amount: $5,980.

Three years later, in a landmark agreement that will transform the course of major college athletics, the organization left behind its archaic rules, shook off its long-time amateurism argument and thrust the industry into an era of direct athlete compensation.

The amount: more than $15 billion in new cash is expected to funnel to athletes over the duration of the 10-year agreement.

The NCAA Board of Governors on Wednesday evening cast their votes in support of settling three antitrust cases (House, Hubbard and Carter), approving terms that feature nearly $2.