Pay Day for Athletes OK’ed

For the first time since the NCAA’s founding in 1906, colleges may pay athletes directly, after a federal judge in early June approved the settlement of an antitrust suit against the NCAA. Beginning July 1, colleges can pay up to $20.5 million a year to their athletes, with football players expected to receive 75 percent of the money; basketball players, 20 percent; and athletes who play other sports, such as rowing, splitting the remaining five percent. Leagues can opt out of the settlement, and the Ivy League has indicated that it will.

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