Florida AD releases statement on House v. NCAA settlement ruling

A new era of collegiate athletics will begin this summer after a landmark ruling on Friday. Following some significant changes in recent years with NIL, portal windows, unlimited transfers and conference expansion, the NCAA will now institute revenue sharing in July and phase in roster limits.
Judge Claudia Wilken approved the deal between the NCAA, its major conferences and lawyers representing all Division I athletes. The House v. NCAA settlement ends three separate federal antitrust lawsuits and will pay $2.776 billion in back damages over the next 10 years to athletes who competed at any time from 2016 through present day.
Beginning July 1, schools will be able to share $20.5 million with student-athletes. Football is expected to receive 75%, followed by men’s basketball (15%), women’s basketball (5%) and the remainder of sports (5%). The amount shared in revenue will increase annually during the decade-long deal.
Florida Gators athletic director Scott Stricklin released a statement Saturday on the House v. NCAA ruling.
“The University of Florida Athletic Association welcomes the recent court ruling allowing schools to directly share revenue with student-athletes. This decision marks an important step forward for college athletics, and we remain committed to supporting Gator athletes on and off the field. Beyond financial opportunities, the UAA will continue to provide world-class training, academic support, and career development to help our Gators succeed during their time at UF and well beyond.”
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Roster limits, NIL clearinghouse
Roster limits are also set to be introduced. According to On3’s Pete Nakos, Wilken recently pushed back on the limits automatically being put in place, stating that the House v. NCAA settlement would not move forward if roster spots were not grandfathered in. NCAA and power conference attorneys, along with plaintiffs’ attorneys, agreed on a plan to phase in roster limits.
Under the plan, athletes who were cut from rosters will be eligible for reinstatement at schools’ discretion. It also permits athletes who leave or are not retained by their current school to keep grandfather status at a new school. Proposed rosters include football (105), men’s and women’s basketball (15), baseball (34), men’s and women’s soccer (28), softball (25) and volleyball (18).
The settlement also imposes new restrictions on college sports. An NIL clearinghouse will be established, titled “NIL Go” and run through Deloitte. All third-party NIL deals of $600 or more must be approved by the clearinghouse. If not approved, the settlement says a new third-party arbiter could deem athletes ineligible or result in a school being fined.