Attorneys tweak $2.78B college settlement, remove the word 'booster' from NIL language
Three weeks after being asked to modify a $2.78 billion deal that would dramatically change college sports, attorneys redefined the word “booster” in the plan
Three weeks after being asked to modify a $2.78 billion deal that would dramatically change college sports, attorneys excised the word “booster” from the mammoth plan in hopes of satisfying a judge’s concerns about the landmark settlement designed to pay players some of the money they help produce.
As expected, the changes filed in court Thursday did not amount to an overhaul -- replacing “booster” with the term “associated entity or individual,” was the headliner – but the hope is that it will clear the way for U.S District Judge Claudia Wilken to give the settlement agreement preliminary approval.
The new language and replacing of the hazily defined “booster,” which has played a big role in the NCAA's rulebook for decades, is designed to better outline which sort of deals will come under scrutiny under the new rules.
Under terms of the settlement, the biggest schools would 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.