College Athletes Poised to Receive Pay

Pitt will have to pay athletes $20 million a year, but isn’t saying how - Open Campus

As soon as later this month, a landmark settlement in an NCAA antitrust case could be finalized, and schools, including Pitt, would dole out more than $20 million annually to players over the next decade. The change would go into effect on July 1. But, with an athletics department in the red and uncertain federal funding for research — a mainstay in Pitt’s budget — the source of that money is murky. Some schools around the country have already i…

College athletes poised to receive pay

As soon as later this month, a landmark settlement in an NCAA antitrust case could be finalized, and schools, including Pitt, would dole out more than $20 million annually to players over the next decade. The change would go into effect on July 1.Key elements of the pending settlement $2.8 billion in backpay to college athletes who played for Division I schools between 2016 to 2024 $20.5 million paid to athletes by Power 5 conference schools in …