After more than a year of negotiations, a $208.7 million settlement has been reached in the National Collegiate Athletic Association (NCAA) antitrust multi-district class action. On February 3, 2017, the plaintiffs filed a motion seeking preliminary approval of the settlement agreement.
The suit, which was originally filed in March 2014, claims the NCAA colluded with 11 conferences in an antitrust conspiracy, which capped the maximum grant-in-aid a student athlete could receive. Most athletes were therefore awarded grants that would only cover part of their tuition. Plaintiffs allege that this alleged collusion disrupted the free market and that the student athlete aid cap put severe financial burdens on players while attending school, depriving them of “the full economic benefits of their labor.”