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USD still weighing decisions with NCAA settlement
SIOUX FALLS S.D. (KELO) — South Dakota universities are still deciding what path to take regarding the recent House v. NCAA settlement.
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According to the settlement, college athletic departments and the NCAA will pay $2.8 billion in back pay to student-athletes who competed in the NCAA from 2016 through June 6, 2025, which will be spread out over 10 years.
The final details of the House v. NCAA settlement came after the state of South Dakota reached an agreement with the NCAA in April. South Dakota's Division I schools will pay a reduced amount towards a $2.8 billion settlement and a Women's Basketball Performance Fund will be created as part of the settlement.
Now, college athletic departments across the country that opt into the House v. NCAA settlement agreement will be able to share revenue directly with student-athletes, starting at $20.5 million per school and rising each year. There will be a salary cap placed on the amount each student-athlete can receive from this $20.5 million.
On Wednesday, South Dakota Athletics Director Jon Schemmel said in a post on X USD is still working on reaching a decision regarding the opt out. He added USD's main goal is to protect their student athletes roster spots this year and beyond. Schemmel ensured USD will not cut anyone due to roster limits this year regardless.
'If you weren't confused right now, you'd be crazy. I am too as is our entire industry including A4 schools,' Schemmel said about the details of the NCAA settlement.
Schemmel said there are still many moving parts to all of this and they are currently are trying to get answers as quickly as we can.
'Our biggest hang-up initially was the roster limits and mainly how that ties into enrollment. For us we would have had to cut 50 kids if we opted in,' Schemmel said in an interview on The Nate Brown Show. 'Now part of the settlement where Judge Wilkens decision, now allows for grandfathering in of the rosters. We're really trying to assess what protects our student athletes the most and the rosters that we currently have.'
The deadline for Division I schools outside the power conferences to officially opt into the recently-approved House v. NCAA settlement is June 30.
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