NCAA Judge Says Athlete Pay Ruling Takes Effect August 2015

Thursday, 21 Aug 2014 11:54 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
A federal judge clarified when the National Collegiate Athletic Association must scrap rules barring student athletes from seeking a share of its $800 million in annual broadcast revenue.

U.S. District Judge Claudia Wilken in Oakland, California, said her injunction overturning the rules will take effect next year on Aug. 1. Until then, the NCAA, which has vowed to appeal the decision, can continue applying the rule, which is designed to prevent student athletes from being paid like professionals.

Wilken ruled this month that the NCAA can’t prohibit students from getting paid for licensing their names and likenesses up to the full cost of attending school. She also said the NCAA can’t bar schools from offering to put a share of licensing revenue aside for players, to be paid after they leave school. The NCAA can cap the payments, but they can’t be less than $5,000 for every year of play, she said.

The Indianapolis-based association, the governing body for most U.S. college sports, said in a statement on its website Thursday that it will fight the judge’s order in a higher court because “we do not believe the NCAA has violated any antitrust laws.”

Damage Appeal

The NCAA and broadcasters said paying players could lead to athletes with agents, fewer teams and waning fan interest. Compensating players would damage the popular appeal of college sports and prompt schools to quit Division I competition because big-money schools would have the funds to attract the best athletes, NCAA President Mark Emmert testified in June.

In a lawsuit filed in 2009, ex-college basketball player Ed O’Bannon challenged the demand by the NCAA that colleges treat students as amateurs. The plaintiffs said college basketball and football have evolved into multibillion-dollar businesses, with money flowing to the NCAA, broadcasters, member schools and coaches. Everyone but the players.

© Copyright 2014 Bloomberg News. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Fed's Williams Sees June as Time to Start Considering Higher Rates

Friday, 19 Dec 2014 15:10 PM

Federal Reserve Bank of San Francisco President John Williams said next June will be the right time to consider when to  . . .

SocGen: Oil Collapse Points to 18 Percent Stock Gains

Friday, 19 Dec 2014 13:11 PM

Collapsing oil prices have a history of pushing stocks higher as industries ranging from airlines to retailers benefit f . . .

Buffett’s Backup Stock Pickers Stumble as GM, Energy Bets Fall

Friday, 19 Dec 2014 10:28 AM

Warren Buffett's deputy investment managers are giving their boss less to brag about this year. . . .

Most Commented
Top Stories

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved