A federal judge in California recently approved a $208.7 million settlement to compensate college athletes who attended school using traditional sports scholarships rather than a new version that covers the full cost of attending school.
The settlement would compensate roughly 43,000 current and former student-athletes who played their sport for four years. The settlement applies to student-athletes in Division 1 men’s and women’s basketball and the Football Bowl Subdivision whose scholarships only covered tuition and fees, room and board, books and supplies as per limitations set by the NCAA. Athletes will be eligible for compensation if they received scholarships between the 2009-10 school year and 1 August 2015, when the NCAA changed its rules to allow scholarship offers to cover the full cost of attendance for those athletes.
Those athletes would receive checks of an average amount of $6,000 each, according to a report in USA Today. The report indicated that 11 major athletic conferences were listed as co-defendants but the NCAA will use its financial reserves to fund the settlement pool.
By the United States Sports Academy