Newswire

NCAA: NCAA Gives Players Greater Access to Grant Money



NCAA Gives Players Greater Access to Grant Money: The NCAA reached a settlement in a federal antitrust lawsuit that will make as much as $218 million available to student-athletes who have a financial or academic need for the money. The grants-in-aid money will be in addition to athletic scholarships. Players can tap the fund for expenses not covered by their scholarships. For example, an NCAA official said a player could use the money to pay for expenses incurred while attending a family member’s funeral. The NCAA is providing the funds based on revenue generated from its $6 billion contract with CBS for the NCAA Tournament, which runs through 2013. Two former football players and a former San Francisco basketball player filed the lawsuit in February 2006. [1/29/08]

Leave a Comment

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.