Plaintiff co-lead attorney Steve Berman of Hagens Berman Sobol Shapiro LLP echoed Baker’s enthusiasm. “We are pleased that we are one step closer to a revolutionary change in college athletics that will allow billions in revenue sharing,” Berman said in a statement.
Historic NIL Settlement Reached in May
The settlement was originally reached in May 2023 with plaintiffs led by former Arizona State University swimmer Grant House. The Power 5 conferences, including the Big Ten, Southeastern Conference, Big 12, Atlantic Coast Conference, and Pac-12, were also involved in the landmark agreement. The NCAA NIL settlement represents a crucial shift in how college athletes will be compensated for their name, image, and likeness rights, addressing longstanding antitrust concerns.
NCAA NIL Settlement Ok : What’s Next?
The final approval hearing for the NCAA NIL settlement is scheduled for April 7, 2025. If approved, it will mark a pivotal moment in collegiate sports, ushering in a new era of revenue sharing between the NCAA and athletes. The decision could set a precedent for future cases involving NIL compensation and reform across the college athletics landscape.
