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Former players seek settlement for back pay as colleges start to pay student athletes
NBC News· 2025-07-01 01:00
Legal Challenge & Settlement Overview - A lawsuit challenges the NCAA settlement, which allows direct payments to athletes for NIL (Name, Image, Likeness) use, estimating $20 million in revenue sharing annually [2] - The settlement includes $2.8 billion in back pay for approximately 400,000 former athletes, which is a point of contention in the lawsuit [3] - The judge overseeing the case acknowledged Title IX related arguments but allowed the settlement to proceed as an antitrust case, leaving the door open for future Title IX challenges [11][12] Title IX & Gender Equality Concerns - Plaintiffs argue the revenue distribution underestimates the value female athletes bring to universities and violates Title IX, the federal law barring sex-based discrimination on college campuses [2][4] - Women's basketball, the top-listed women's sport, receives 1.1% of the revenue pie, significantly less than men's football and basketball, which receive over 90% combined [4] - One plaintiff was estimated to receive around $400 in back pay, highlighting the disparity [5] - Female athletes feel they are settling for "scraps" and deserve more, seeking a bigger seat at the table [7] Proposed Funding Formula - Plaintiffs propose a specific formula for broadcast compensation and athlete service compensation, allocating funds based on the ratio of men to women in the athlete pool each year [9][10] - For example, if men comprise 60% of the athlete pool, they would receive 60% of the designated funding, with women receiving the remaining 40% [10] NCAA's Perspective - The NCAA considers the settlement a "massive win" for student-athletes, enabling schools to provide direct financial benefits totaling nearly 50% of athletics department revenue [6]
Brag House Launches Revenue-Generating NIL Platform to Monetize Gen Z Athlete Engagement Across 200+ College Campuses
Globenewswire· 2025-06-17 12:30
Core Insights - Brag House Holdings, Inc. is launching a secure digital asset platform as part of its Name, Image, and Likeness (NIL) initiative to enhance monetization strategies and engage Gen Z [1][2] - The NIL market is projected to grow to $1.5 billion by 2027, with 95% of NCAA athletes currently receiving little to no NIL compensation, indicating a significant opportunity for the company [3][4] Company Strategy - The initiative leverages Brag House's partnership with Learfield across 200+ NCAA campuses, allowing student-athletes to monetize digital assets like highlight reels and authenticated collectibles [2][4] - The platform aims to create a scalable revenue model by retaining transaction fees and recurring royalties from secondary marketplace activities [2][3] Technological Implementation - Athletes will use a no-code interface to mint and sell digital assets directly to fans, with automated smart contract systems facilitating transactions [4][6] - The company is exploring next-gen digital platforms that offer low fees and reliable verification systems to enhance user experience [4] Market Positioning - The NIL initiative aligns with Brag House's strategic roadmap, which includes building a Gen Z community, scaling B2B solutions, monetizing engagement, and activating proprietary data [5] - The company emphasizes that this initiative is about capturing value rather than chasing trends, leveraging its existing engagement with Gen Z [5] Future Plans - Initial NIL activations are expected to launch on select campuses in late 2025, with full platform capabilities anticipated to go live in early 2026 [6]
Brag House Explores NIL Initiative to Expand Revenue Opportunities for Student-Athletes
Globenewswire· 2025-06-10 12:30
Core Viewpoint - Brag House Holdings, Inc. is launching a Name, Image, and Likeness (NIL) initiative aimed at helping student-athletes monetize their personal brands through digital collectibles and blockchain technology [1][2][3] Group 1: NIL Initiative Overview - The initiative seeks to empower student-athletes to connect directly with fans and generate revenue through authenticated digital collectibles and unique fan experiences [3][4] - Brag House aims to simplify the creation of digital collectibles using a no-code interface while ensuring compliance with NCAA and other regulations [4][5] - The platform will utilize secure digital ledger technology to facilitate transparent and efficient payments directly to student-athletes' wallets [6] Group 2: Market Context and Growth Potential - The NIL market was valued at approximately $917 million in 2022 and is projected to exceed $1.5 billion by 2027, indicating significant growth potential [7] - The global NFT trading volume surpassed $24 billion in 2023, with sports collectibles being a rapidly growing segment [7] - With over 20 million college students and half a million NCAA athletes in the U.S., the opportunity for Brag House to connect student-athletes with fans through blockchain-backed assets is substantial [8] Group 3: Future Plans and Collaborations - The NIL initiative is set to pilot with select campuses in late 2025, with further updates and collaborations with student-athletes expected as the infrastructure develops [10] - Brag House plans to enhance its NIL opportunities through various campus activations, including the Brag Gators Gauntlet Series and branded loyalty token integrations [11]