Posted: 08/08/2014 03:33:16 PM PDT
Updated: 08/08/2014 03:39:51 PM PDT
SAN FRANCISCO -- A federal judge has ruled that the NCAA can't stop college football and basketball players from selling the rights to their names and likenesses, opening the way to athletes getting payouts once their college careers are over.
In a landmark decision issued Friday, U.S. District Judge Claudia Wilken ruled in favor of former UCLA basketball star Ed O'Bannon and 19 others in a lawsuit that challenged the NCAA's regulation of college athletics on antitrust grounds.
In a partial victory for the NCAA, though, Wilken said the NCAA could set a cap on the money paid to athletes, as long as it allows at least $5,000 a year for big school football and basketball players.
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Entities 0 Name: NCAA Count: 4 1 Name: Judge Claudia Wilken Count: 1 2 Name: U.S. Count: 1 3 Name: Ed O'Bannon Count: 1 4 Name: UCLA Count: 1 5 Name: SAN FRANCISCO Count: 1 6 Name: Wilken Count: 1 Related 0 Url: http://ift.tt/1u8vAfB Title: The NCAA voted to give the five richest athletic conferences more power to govern themselves. Description: The NCAA, moving to overhaul itself before the courts do or its biggest names bolt, voted on Thursday to give the richest college conferences unprecedented freedom to make their own rules on matters such as stipends, scholarships and insurance for players.