By Canadian Press

Judge gives preliminary approval to $2.78 billion settlement designed to pay college athletes

Oct 7, 2024 | 12:37 PM

A judge granted preliminary approval Monday to the $2.78 billion legal settlement that would transform college sports by allowing schools to pay players.

U.S District Judge Claudia Wilken released an order setting a timeline for a deal that would put millions of dollars into the pockets of college athletes, who can begin making claims later this month.

A final hearing is set for April 7, 2025. If finalized, the deal would allow the biggest schools to have a pool of about $21..5 million in the first year to distribute to athletes via a revenue-sharing plan, but the athletes would still be able to cut name, image and likeness deals with outside groups.

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Judge gives preliminary approval to $2.78 billion settlement designed to pay college athletes

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