On Thursday night, reporting came through that the NCAA and the Power 5 athletic conferences (the Big Ten, SEC, Pac-12, Big 12 and ACC) have reached a settlement on multiple antitrust cases brought against college sports’ governing body. The P5 have agreed to drop their cases in exchange for a new deal that will see the NCAA pay out over $2.7 billion in damages to former athletes and sets up a revenue-sharing model that will see over $1 billion paid out each year.
This is an absolutely historic moment that has ended the vision of collegiate athletics as we know it.