Inside the $2.8 Billion Windfall: How Former NCAA Athletes Are Finally Cashing In on Lost NIL Earnings
The House Settlement was reached as a result of litigation brought by former NCAA players against the agency, who had not been able to profit in the past from NIL.
NIL has completely changed NCAA college athletics
In the past, schools could face severe penalties for paying players. Penalties included loss of scholarships, and even the stripping of national championships from a program. That is essentially no more, as players can now make millions from NIL deals.
The NCAA has been under fire by many politicians, fans and others who want to see more guardrails for NIL. NCAA President Charlie Baker has proposed several changes, including giving more structure to how NIL deals can be reached with players. There has been no official changes yet due to those proposals.
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