(via Yahoo! Sports & AP) -- The NCAA and 11 major athletic conferences announced Friday night they have agreed to pay $208.7 million to settle a federal class-action lawsuit filed by former college athletes who claimed the value of their scholarships was illegally capped.
The settlement still must be approved by a judge and it does not close the antitrust case. The NCAA said in a statement the association and conferences ''will continue to vigorously oppose the remaining portion of the lawsuit seeking pay for play.''
The settlement will be fully funded by NCAA reserves, the association said. No school or conference will be required to contribute.
The original antitrust lawsuit was filed in 2014 by former West Virginia football player Shawne Alston. The case was later combined with other lawsuits and covers Division I men's and women's basketball players and FBS football players who competed from 2009-10 through 2016-17 and did not receive a cost-of-attendance stipend.
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