2 days ago
Colleges can now begin paying athletes directly following $2.8B landmark settlement
CHICOPEE, Mass. (WWLP) – Following a multibillion-dollar landmark settlement, colleges can now begin paying athletes directly.
Athletes express concern over NCAA settlement's impact on non-revenue sports
A federal judge approved the deal between the NCAA on Friday for Division One athletes. The NCAA can now pay thousands of current and former athletes who competed in college at any time from 2016 to now. A share of nearly $2.8 billion in damages is expected to be paid out over the next decade.
22News spoke to the community about this significant shift in the world of college sports. 'It feels good, like knowing that athletes are finally getting the money they deserve, especially after colleges make a lot of money off of athletes. So, I mean, definitely it's a great achievement for them. I'm proud of them,' said Rahman Martin of Springfield.
During the decade-long agreement, the annual cap starts at roughly $20 million per school. It will then go up every year. Athletes will receive these new payments in addition to their scholarships and other benefits.
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