Former Ohio State QB's lawsuit over lost NIL opportunities dismissed
The class action suit against the NCAA, Ohio State, the Big Ten and others brought by former Ohio State quarterback Terrelle Pryor was not done in a timely manner, according to Chief U.S. District Judge Sarah Morrison.
Pryor's suit, filed in October, alleged that by not allowing student athletes to profit from the commercial use of their names, images and likenesses, the NCAA and other defendants violated antitrust law.
Pryor argued in the lawsuit that he "would have been one of the highest paid collegiate athletes in the country" if NIL had been legal while he was playing at Ohio State. He also claimed the NCAA and the other defendants continue to make revenue from his name, image and likeness.
Under U.S. antitrust laws, plaintiffs generally have a four-year window to bring a claim. Pryor was the quarterback at Ohio State from 2008-10.
"Mr. Pryor knew the material facts underlying his antitrust claims long before the four-year limitations period had run," Morrison said in her ruling.
Additionally, Morrison ruled that as a public school and arm of the state, Ohio State was immune from the lawsuit.
Similar lawsuits were filed by former Southern California running back Reggie Bush, several former Michigan football players, and basketball players from Kansas and North Carolina State.
Since 2021, and under pressure from states and the courts, the NCAA has allowed student-athletes to profit from their name, image and likeness (NIL). Student-athletes can now be compensated for merely showing up to play and can earn a profit for spokesperson gigs, clothing and autograph sales and more.
Additionally, a legal ruling on June 6 allowed colleges to directly pay players via revenue sharing for the first time. The settlement of House v. NCAA marked the end of the NCAA's previous model of amateurism, in which athletes were not allowed to earn money while in school. Schools can now share up to $20.5 million of their revenues with their athletes.
--Field Level Media
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
15 minutes ago
- Reuters
Indian shares inch lower as Kotak earnings drag financials, trade deal delay weighs
July 28 (Reuters) - Indian shares inched lower on Monday as weak results from Kotak Mahindra Bank weighed on sentiment, while uncertainty over trade talks with the U.S. added to overall caution. The Nifty 50 (.NSEI), opens new tab fell 0.16% to 24,798.9 points and the BSE Sensex (.BSESN), opens new tab lost 0.2% to 81,325.4 as of 10:03 a.m. IST. The broader small-caps (.NIFSMCP100), opens new tab and mid-caps (.NIFMDCP100), opens new tab lost 0.3% and 0.2%, respectively. Negotiations between India and the United States remained deadlocked over tariff cuts on agriculture and dairy products, dimming hopes of an interim deal ahead of U.S. President Donald Trump's August 1 deadline. This is in contrast to a framework trade agreement struck between the U.S. and European Union over the weekend, easing fears of a bigger trade war between the two allies, which account for almost a third of global trade. High-weightage financials (.NIFTYFIN), opens new tab and private banks (.NIFPVTBNK), opens new tab lost 0.2% and 1%, respectively, dragged by a 7% fall in Kotak Mahindra Bank ( opens new tab after it posted a drop in quarterly profit. The IT index (.NIFTYIT), opens new tab lost 0.5%, with Tata Consultancy Services ( opens new tab shedding 1.6% after it announced plans to reduce its workforce by 2% in fiscal year 2026. The Nifty 50 and 30-stock Sensex (.BSESN), opens new tab have logged four consecutive weekly losses due to weak earnings, foreign outflows and uncertainty over the U.S.-India trade deal. "A dull earnings season and the lingering delay in the India-U.S. trade deal have clearly cast a shadow on market sentiment. With valuations still stretched across the board, investors are understandably treading with heightened caution," said G Chokkalingam, founder and head of research at Equinomics Research. Among individual stocks, Mphasis ( opens new tab gained 2.4% on posting quarterly results in-line with estimates and on strong deal bookings, which has boosted the IT company's revenue growth outlook. SBI Cards and Payment Services ( opens new tab lost 3.7% after missing profit estimates in the June quarter.
Reuters
17 minutes ago
- Reuters
Ryan McMahon 'looks great' as Yankees open 4-game set vs. Rays
July 28 - Ryan McMahon spent Friday night getting a lift from Baltimore to New York following a trade from the Colorado Rockies. The third baseman spent the next two days acclimating to a new set of teammates and making a positive contribution to the New York Yankees. The Yankees hope to see more from McMahon and others Monday night when they host the struggling Tampa Bay Rays in the opener of a four-game series. New York is 4-7 over its past 11 games after a five-game winning streak July 6-11. The Yankees avoided a sweep and ended a four-game home losing streak Sunday by earning a 4-3 win over the Philadelphia Phillies. McMahon is 3-for-6 in two games after hitting .217 for the Rockies, who dealt him to New York for two minor league pitchers Friday. "He looks great so far," New York closer Devin Williams said. "Hopefully he continues it. I've obviously played against him in the past and he was a good player and I'm happy to have him here." On Sunday, McMahon keyed a four-run second inning by delivering a tying two-run double off Zack Wheeler. He also made three plays in the field, including a sliding stop on Trea Turner and a leaping catch on a line drive by Bryce Harper. "Honestly just excited to do something to help the team," said McMahon, who is batting .342 (13-for-38) with four homers and 11 RBIs over his past 11 games. "Wins are important right now. I'm happy to do some solid stuff out there and get ready for the next one." Tampa Bay took two of three in New York May 2-4 and then went 25-9 from May 20-June 26. Since then, the Rays are a measly 7-18 in their past 25, and they sit at .500 for the first time since they were 27-27 on May 27. Their performance in New York may impact how they approach Thursday's trade deadline. The Rays finished with three hits in Sunday's 2-1 loss at the Cincinnati Reds. It was the 11th time Tampa Bay was held to three hits or fewer. The Rays mustered only a homer by Taylor Walls while striking out 10 times, giving them 43 in the past four games. Tampa Bay also is 1-6 in seven games since putting Brandon Lowe on the 10-day injured list a week ago with left foot and ankle tendinitis. "We're missing Brandon Lowe," Rays manager Kevin Cash said. "He knows that more than anybody. I know that. It's a different lineup when he's in it and how other guys are pitched. We have enough offense here that can work around that." New York's Cam Schlittler (1-0, 4.35 ERA) will make his third career start, and it could be an audition for a potential trade. Schlitter allowed three runs in 5 1/3 innings in his major league debut against the Seattle Mariners on July 9 and allowed two runs in five innings in a no-decision at Toronto on Tuesday, when the Yankees earned a 5-4 win. Drew Rasmussen (7-5, 2.93), who turned 30 on Sunday, starts for Tampa Bay and is 6-1 with a 2.60 ERA in his past 12 starts. Rasmussen is coming off four straight no-decisions and allowed two runs on three hits in four innings in Tampa Bay's 4-3 win over the visiting Chicago White Sox on Tuesday. Rasmussen is 2-1 with a 0.34 ERA in five career appearances (four starts) against the Yankees and has not allowed a run in 13 innings during his two previous appearances in New York. --Field Level Media
Reuters
17 minutes ago
- Reuters
Gold stages rebound on dollar weakness; US, EU ink tariff deal
July 28 (Reuters) - Gold prices gained in choppy trading on Monday, as a weaker dollar helped to offset pressure from improved risk appetite after United States and European Union announced a trade framework agreement. Spot gold was up 0.2% at $3,342.62 per ounce, as of 0421 GMT, after touching its lowest level since July 17. U.S. gold futures edged 0.2% higher to $3,342.90. The U.S. struck a framework trade agreement with the European Union on Sunday, imposing a 15% import tariff on most EU goods - half the threatened rate - and averting a bigger trade war between the two allies that account for almost a third of global trade. However, the agreement left key issues unresolved, including tariffs on spirits. The agreement eased transatlantic trade tensions, putting pressure on gold, said Jigar Trivedi, a senior commodity analyst at Reliance Securities, adding that it also softened the dollar index, which provided some cushion to bullion. The U.S. dollar index (.DXY), opens new tab eased 0.1%, making greenback-priced bullion more affordable for overseas buyers. Risk sentiment improved following the agreement, with European currencies and U.S. stock index futures trading higher. Meanwhile, senior U.S. and Chinese negotiators are set to meet in Stockholm later in the day to address long-standing economic disputes, seeking to extend a truce that has prevented higher tariffs. "In the short term, we don't expect gold to experience wild swings. Investors are turning their focus to a pivotal week for U.S. monetary policy and economic data," Trivedi said. The Federal Reserve is expected to maintain its benchmark interest rate in the 4.25%-4.50% range after its two-day policy meeting concludes on Wednesday. U.S. President Donald Trump said on Friday he had a positive meeting with Powell, suggesting the Fed chief might be inclined to lower interest rates. Spot silver was up 0.2% at $38.21 per ounce, while platinum gained 1.2% to $1,417.67 and palladium rose 2.9% to $1,254.98.
