NCAA’s $2.78 billion settlement with colleges to allow athlete payments gets preliminary approval
AP National Writer
A judge has given preliminary approval to the $2.78 billion legal settlement that figures to transform college sports. U.S District Judge Claudia Wilken released an order Monday setting a timeline for a deal that would put millions of dollars into the pockets of college athletes, who can begin applying for payment on Oct. 18. A final hearing is set for April 2025. If finalized, the deal would allow the biggest schools to establish a pool of about $21.5 million in the first year to distribute money to athletes. Players would still be able to cut name, image and likeness deals with outside groups.