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Friday, August 15, 2014
Judge: College Athletes Can Be Paid for Use of Their Image
The NCAA's ban on payments to college athletes for use of their names and images is deemed an antitrust violation by a federal judge. US District Judge Claudia Wilkin ruled that the NCAA can cap the payments at no less than $5,000.00 for each year the student is academically eligible to play. Colleges can pay less than the top amount or pay nothing, but they cannot conspire to setting amounts. They money can be placed in trust funds. The NCAA plans to appeal.
In a nutshell, antitrust laws are set at federal and state level. They strive to stop business practices that unreasonably deprive consumers of the benefits of competition. The less competition there is for a product, the more expensive that the particular product or service will be for consumers.
Should college athletes be paid for the use of their likeness? College is expensive. Do you think there should be a cap? Join in to our conversation!