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NCAA to pay $228 million for male athletes.(NEWSWATCH)
The NCAA agreed to reallocate $228 million to settle an antitrust lawsuit filed by four former football and men's basketball players in 2006.
Their suit argued that restricting scholarships to tuition, books, housing and meals is an unlawful restraint of trade because of the billions of dollars the NCAA makes from big-ticket sports.
Under the settlement, the NCAA will set aside $218 million over the next five years to help an estimated 12,000 Division I male athletes pay for basic expenses not covered by their scholarships. The men's suit argued that student athletes often pay $2,500 or more a year for basic expenses that are not covered by scholarships.
While the settlement is good news for some student athletes, after 2012 colleges may be forced ...
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