A federal judge ruled the NCAA’s rules prohibiting student athletes from being compensated for use of their names, images and likeness violate antitrust law, according to CBS Sports’ Jon Solomon.
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The landmark decision in the five-year case headed up by former UCLA basketball player, Ed O’Bannon, is a big victory for college athletes as they will have a trust fund established to share the licensing revenue.
More from Solomon:
"In a 99-page opinion, U.S. District Judge Claudia Wilken issued an injunction “that will enjoin the NCAA from enforcing any rules or bylaws that would prohibit its member schools and conferences from offering their FBS football or Division I basketball recruits a limited share of the revenues generated from the use of their names, images, and likenesses in addition to a full grant-in-aid.”"
Judge Wilken said the injunction would not put a cap to the amount of money that could be distributed to college athletes while still enrolled in school and the number will not be permitted to be below the cost of attendance.
The NCAA will be prohibited from “enforcing any rules to prevent its member schools and conferences from offering to deposit a limited share of licensing revenue in trust for their FBS football and Division I basketball recruits, payable when they leave school or their eligibility expires,” Wilken wrote.
This decision comes on the heels of the Power 5 conferences being granted autonomy by the NCAA on Thursday in a decision that could radically shift the college landscape as we have come to know it. This will take effect when the next football and basketball recruiting cycles take effect.
The NCAA as we have come to know it over the past few decades is slowly but surely starting to crumble.
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