“We disagree with the Court’s decision that NCAA rules violate antitrust laws. We note that the Court’s decision sets limits on compensation, but are reviewing the full decision and will provide further comment later. As evidenced by yesterday’s Board of Directors action, the NCAA is committed to fully supporting student-athletes,” stated Chief Legal Officer Donald Remy of the NCAA.
For details on the case, CBS Sports reports:
O’Bannon’s frustration at seeing his avatar used in EA’s video games led to the suit. Photo screencapature from E.A.
“A federal judge in Northern California ruled in the rancorous five-year O’Bannon suit to allow football and basketball players to have as much as $20,000 waiting for them at the end of their eligibility.
Those players — the judge further ruled — deserved to be compensated for their names, image and likeness in the media. For decades the NCAA not only capitalized on those NILs but forbade players from seeing any of the money themselves while in school.
Now, the schools – the NCAA’s membership lifeblood – are going to have to pay — more. The judge capped that per-year trust fund money at $5,000. Combine that with Thursday’s ruling on autonomy, and various players will be able to be compensated up to $40,000 by the time they leave school. (Cost of attendance, approximate $5,000 max x 4 + NIL trust, $5,000 max x 4 = $40,000.)” Read more at CBS here.
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