A little more than a year ago the various legal battles involving former college football and basketball players against the NCAA, EA Sports and Collegiate Licensing Company resulted in a pair of settlements valued at approximately $60 million. Two-thirds of that was to be paid by EA Sports and the CLC, and the NCAA was on the hook for the remaining $20 million. Earlier this week final proposals for splitting the money among those college athletes making a claim was submitted for approval by U.S. District Judge. Those expecting some sort of payment could be looking at receiving a check anywhere between $1,000 and at least $6,700.
Athletes had until Thursday to make their claim, but it will still take some time before those checks start being mailed. First it must be known how many claims were filed, which will affect the payouts. According to a report from USA Today, nearly 16,200 athletes ended up submitting a claim, but each claim must be reviewed and approved by the firm tasked with confirming and approving the claims.
The NCAA has already made it known that no punishments will be handed down to any current student-athletes filing a claim if they end up receiving a check through this legal process.
