Judge gives preliminary approval to $2.78 billion settlement designed to pay college athletes
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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.
“We are pleased that we are one step closer to a revolutionary change in college athletics that will allow billions in revenue sharing,” said plaintiff attorney Steve Berman.
