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...
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