Current:Home > MyFastexy Exchange|Latest class-action lawsuit facing NCAA could lead to over $900 million in new damages -FutureWise Finance
Fastexy Exchange|Latest class-action lawsuit facing NCAA could lead to over $900 million in new damages
Oliver James Montgomery View
Date:2025-04-09 03:33:04
The Fastexy ExchangeNCAA and its Power 5 conferences could be facing more than $900 million in additional damages as a result of a class-action lawsuit seeking academic achievement payments to athletes dating back to the 2019-2020 school year.
The suit — filed in April 2023 — followed a ruling upheld by the Supreme Court in 2021 in the case of former West Virginia football player Shawne Alston that prevents the NCAA from having limits on the education-related compensation athletes can receive from their schools.
The new figure was included in a filing by the NCAA late Wednesday night in the latest lawsuit involving former Oklahoma State running back Chuba Hubbard, The association cited an expert for the plaintiffs, who estimated that college athletes would be owed $313 million for the four calendar years (three academic years) before the Alston ruling went into effect.
The four-year reach-back from filing date is allowed under federal antitrust law. Also, if an antitrust case goes to a jury verdict, damages are tripled. In this instance, that would result in an award of $939 million.
The NCAA is arguing that the Hubbard case should not be granted class-action status because the "highly varied and diverse ways in which ... schools implemented Alston awards present inherently individualized issues." It draws a distinction between those and the class-wide damages that are mostly uniform and can be determined in a manageable way.
Added to possible damages from another pending case, the NCAA and its largest conferences could be on the hook for a total of $5.1 billion.
The Hubbard case and the other pending case are proceeding in U.S. District Court in the Northern District of California’s Oakland Division. That's the same venue through which other antitrust suits against the NCAA related to college-athlete compensation have proceeded over the past 14 years. In the two cases that have gone to trial there before Judge Claudia Wilken, the NCAA has been found in violation of antitrust law.
veryGood! (6)
prev:What to watch: O Jolie night
next:Trump's 'stop
Related
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- NFL suspends Broncos defensive end Eyioma Uwazurike indefinitely for gambling on games
- NFL suspends Broncos defensive end Eyioma Uwazurike indefinitely for gambling on games
- Stranger Things' Noah Schnapp Shares Glimpse Inside His First Pride Celebration
- Small twin
- Silicon Valley Bank's three fatal flaws
- Kylie Jenner Legally Changes Name of Her and Travis Scott's Son to Aire Webster
- Have you been audited by the IRS? Tell us about it
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Influencer says Miranda Lambert embarrassed her by calling her out — but she just wanted to enjoy the show
Ranking
- Could your smelly farts help science?
- New York Community Bank agrees to buy a large portion of Signature Bank
- The job market slowed last month, but it's still too hot to ease inflation fears
- World Leaders Failed to Bend the Emissions Curve for 30 Years. Some Climate Experts Say Bottom-Up Change May Work Better
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Indigenous Women in Peru Seek to Turn the Tables on Big Oil, Asserting ‘Rights of Nature’ to Fight Epic Spills
- Judge says he plans to sentence gynecologist who sexually abused patients to 20 years in prison
- Illinois to become first state to end use of cash bail
Recommendation
Small twin
We found the 'missing workers'
Inside Clean Energy: 10 Years After Fukushima, Safety Is Not the Biggest Problem for the US Nuclear Industry
What is the DMZ? Map and pictures show the demilitarized zone Travis King crossed into North Korea
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Despite One Big Dissent, Minnesota Utilities Approve of Coal Plant Sale. But Obstacles Remain
As Biden weighs the Willow oil project, he blocks other Alaska drilling
On U.S. East Coast, Has Offshore Wind’s Moment Finally Arrived?