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A federal judge, Claudia Wilken, has granted preliminary approval to a $2.78 billion settlement in the House v. NCAA case, which addresses athlete-compensation and name, image, and likeness (NIL) rights. The settlement, which faced opposition from several groups including the lead attorney from the landmark O'Bannon v. NCAA case, aims to establish a framework for revenue-sharing with college athletes. NCAA President Charlie Baker commented on the decision. The final approval hearing is scheduled for April 7, 2025. This decision marks a significant step towards a new financial model for college sports, but legal challenges remain.
With a federal judge granting preliminary approval on the NCAA's $2.78 billion NIL settlement, the Big 12 Conference put out a statement. #Big12 #NCAA #NIL https://t.co/SaXxlPlQ3m
'Monopoly Power'?: NCAA Faces Another Antitrust Class Action Alleging NIL Exploitation https://t.co/nnEWjDqJFc
Read @McCannSportsLaw on the preliminarily approved House settlement. https://t.co/eZRFssPJpE
