NCAA, Athletes End Antitrust Suit With $18.9M Deal

Law360, New York (January 30, 2008, 12:00 AM EST) -- The National Collegiate Athletic Association has agreed to set aside $10 million and pay up to $8.9 million in attorneys' fees to settle antitrust claims that the organization unfairly capped costs that can be covered under a student's athletic scholarship.

The NCAA will make the $10 million available on a claims-made basis over the next three years to reimburse Division I college basketball and football players for educational expenses such as tuition, fees, books, supplies and equipment, according to the settlement announced on Wednesday.

Under the...
To view the full article, register now.