TL;DR
Basically the idea that student athletes are amateurs and thus shouldn't be paid is struck. She is saying that they do have a right to the money that is being earned from them such as their likeness, etc. So the NCAA, which is built on the idea that student athletes are there for an education, will have to completely overhaul.
With the power 5 conferences recently being granted autonomy this week that is a major step towards progress. Universities will still not pay players what they are worth for obvious reasons but they will be able to provide a much higher level of compensation such as guaranteed 5 year cholarships, health insurance post college, 2-5 thousand dollar a month stipends, pay for families to travel to events, etc.
Schools that believe they may be able to afford this who are not in the power 5 will probably scramble to join a power five or put together another conference so that they will not be left behind in recruiting, since they won't be able to offer these perks, and therefore will lose revenue and relevance down the road due to a decline in the level of competition.
The split of the power five creates the groundwork for the upper level of universities that can afford the payment of players(maybe 100 schools?) To do so after these lawsuits are settled and universities are forced to start paying players as they are worth in revenue.
TL;DR for the TL;DR
college football and basketball on the DA level as we know it today will cease to exist in about 5 to 10 years with the courts forcing the universities to provide players of the major sports with the monetary compensation they deserve.
Uh oh. This is seeming all bad for WSU.
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