Judge OKs $228M Truce Between NCAA, Athletes

Law360, New York (August 11, 2008, 12:00 AM EDT) -- A district judge has greenlighted a proposed settlement in which the National Collegiate Athletic Association would provide a total of $228 million to a class of student athletes who accused the organization of violating antitrust laws by placing a cap on the financial aid student athletes can get in the form of an athletic scholarship.

The deal calls for the NCAA to direct $218 million to student athletes through the 2012-2013 school year, to cover the cost of tuition, fees, books, supplies and equipment and other...
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