When U.S. District Court Judge Claudia Wilken gave her stamp of approval on the $2.8 billion settlement in the House v NCAA case, the state of college athletics was changed for the foreseeable future.
It was a decision that seemed like five years in the making, and one that not only sees former NCAA athletes receive payments from the NCAA for the organization's violation of the Sherman Antitrust Laws, but will also now see current athletes enter into a revenue-sharing agreement with the schools.
With that comes $20.5 million in revenue that schools will now lose and start giving back to their players. And while that may not exactly be as big of a deal for schools like the Texas A&M Aggies compared to numerous other programs, it is still set to prompt change within the athletic department budget.
Yet, even with the changes that will see cuts among other athletic department ventures, Texas A&M athletic director Trev Alberts is still "excited" about the positive changes coming to college athletics.
“This (settlement and resulting committee) has to work for the future of college athletics," Alberts said Monday, per the Austin American-Statesman. "It's worth saying, you know, an unregulated market that we've lived in the last three to four years is not in the best interest of anybody, including the student-athletes."
The hope is that with the revenue sharing agreement - assuming it doesn't face further legal challenges that circumvent the ruling - there will be more oversight, and Name, Image, and Likeness will work as it was originally intended.
That means the focus will shift from individual collectives made up of wealthy boosters paying athletes directly to sign with their respective school for vast sums of money. Instead, in the world of revenue sharing, NIL deals will be agreements between athletes and legitimate businesses that want to pay them for legitimate business purposes.
While the actual agreement to the settlement took months to actually come to fruition, Texas A&M and schools across the country were already preparing for the changes that were to come. For the Aggies, that meant cutting $10 million that was previously in the budget.
"I knew that this (settlement) was coming," Alberts said, "but, you know, I think any time you have a transition, (staff changes are) kind of normal in a sense."
While the settlement isn't totally in the clear and is free of future challenges, schools like Texas A&M are hoping that it can be at least the start to a more sustainble way forward for college athletics.
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