The settlement essentially means that any eligible college athlete since 15 June 2016, formerly referred to inaccurately as merely student athletes, have been
OPENLY PRO ATHLETES since that date.
- Oct. 18, 2024: Former players will be notified of the decision, and a claims period will begin for eligible people. Only athletes that participated between [15 June] 2016 and the beginning of the NIL era in [1 July] 2021 will be eligible, but it should involve many sports.
- Dec. 17, 2024 (60 days after notice): The projected amount of money to be distributed will be publicly available. The final number for specific individuals will depend on a number of factors.
- Jan. 31, 2025 (105 days after notice): The window for people to submit claims for compensation, opt out of the settlement or bring objections to the court closes.
- April 7, 2025: The court will have a hearing for final approval. Notably, it will take place on the same day as the NCAA men’s basketball national championship.
The Numbers
- US$ 2.8 BILLION in damages to be split up for each valid claim by a past or current professional collegiate athlete in the eligible time period through 30 Jun 2021 PLUS
- UP TO US$ 22M PER SCHOOL PER YEAR
divided up amongst the professional collegiate athletes
When finalized, the House v. NCAA lawsuit will provide transformative change to college athletics heading forward. Most notably, schools will have the ability be able to share up to $22 million each year with players.