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Members of NC State’s 1983 national champions sue NCAA over name, image and likeness compensation

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10 members of NC State’s 1983 national champions sue NCAA over name, image and likeness compensation

KRISTIN. ALL RIGHT, PATRICK, WE’LL SEE YOU AT THE TOP OF THE HOUR. THANK YOU. A MAJOR SETTLEMENT COULD CHANGE THE LANDSCAPE OF COLLEGE ATHLETICS. AFTER LONG OPPOSING THE MOVE, THE NCAA IS TAKING A STEP TOWARD PAYING COLLEGE ATHLETES. A CLASS ACTION LAWSUIT CLAIMS THE NCAA BROKE FEDERAL LAW BY PROHIBITING COLLEGE ATHLETES FROM PROFITING FROM THE USE OF THEIR NAMES. THE NCAA, IN ITS FIVE BIGGEST CONFERENCES, INCLUDING THE BIG TEN, SETTLED THAT LAWSUIT FOR $2.8 BILLION, JOINING US THIS AFTERNOON IS MATTHEW BANKER AND ADJUNCT PROFESSOR OF LAW AT THE MARQUETTE UNIVERSITY SCHOOL OF LAW AND A LONG TIME COLLEGE ATHLETICS ADMINISTRATOR AND SPORTS LAW ATTORNEY. THANKS FOR JOINING US HERE THIS AFTERNOON. SO FIRST, YOUR INITIAL THOUGHTS ON THIS SETTLEMENT. BREAK IT DOWN FOR US. SURE. THE NCAA HAS BEEN FACING LEGAL SCRUTINY FOR SEVERAL YEARS RIGHT NOW AS IT RELATES TO THEIR AMATEURISM RULES AND THE ABILITY TO COMPENSATE ATHLETES. SO THIS IS THIS SETTLEMENT REALLY REPRESENTS, UH, SOME PATHWAY FORWARD FOR COLLEGE SPORTS, ESPECIALLY AT THE DIVISION ONE LEVEL. AND IT’S REALLY SETTLING THREE DIFFERENT CASES THAT WERE CONSOLIDATED AS A CLASS ACTION. SO IT COMES WITH A BIG PRICE TAG OF $2.8 BILLION, BUT IT ALSO INCLUDES TERMS IN WHICH MOVING FORWARD, THERE CAN BE SOME REVENUE SHARING BETWEEN THE SCHOOLS AND THE ATHLETES THEMSELVES. AND THAT’S A MAJOR SEA CHANGE. AND YOU MENTIONED THE REVENUE SHARING. I’M GLAD YOU DID. WHAT KIND OF FRAMEWORK DOES THIS SETTLEMENT PROVIDE FOR THE SHARING OF REVENUE? YES. WHAT WHAT REALLY WAS THE FORMULA DRIVEN HERE MOVING FORWARD IS LOOKING AT DIFFERENT REVENUE STREAMS THAT THE DIVISION ONE, POWER FIVE OR AUTONOMY FIVE CONFERENCES IS LIKE THE BIG TEN, THE SEC, ACC AND SO FORTH. AND THAT’S COME OUT TO AT LEAST RIGHT NOW, ABOUT $100 MILLION IS THEIR AVERAGE ANNUAL BUDGET. AND FROM THAT, 22% OF THAT WOULD BE ALLOCATED FOR DISTRIBUTION OR REVENUE SHARING TO THE ATHLETES. AND SO THAT WILL STILL FLUCTUATE IN THE YEARS TO COME. BUT THAT’S A STARTING POINT IN WHICH INSTITUTIONS AT THE DIVISION ONE LEVEL WILL NOW HAVE TO REVISIT, SORT OF HOW THEY MANAGE THEIR BUDGETS AND ALSO A WIN FOR STUDENT ATHLETES MOVING FORWARD TO TAKE PART. AND CERTAINLY, UM, ENJOY SOME OF THE FINANCIAL SUCCESSES THAT COLLEGE SPORTS HAS SEEN IN RECENT YEARS. YOU MENTIONED THE ATHLETES MOVING FORWARD. WHAT ABOUT FORMER COLLEGE ATHLETES? YES, THAT’S ALSO PART OF THE SETTLEMENT NUMBER ITSELF. YOU MENTIONED THE $2.8 BILLION AS AS THE ACTUAL DOLLAR FIGURE TIED TO THIS. IT INCLUDES GOING BACK TO 2016, IN WHICH FORMER STUDENT ATHLETES, UM, TAKING PART IN REVENUE SHARING THAT THEY COULDN’T HAVE GOTTEN. OBVIOUSLY, THAT FIT WITHIN THE STATUTE OF LIMITATIONS AS WELL AS NAME, IMAGE, LIKENESS, OPPORTUNITY, WHICH IS ANOTHER NEWER ASPECT IN WHICH STUDENT ATHLETES IN COLLEGE CAN MONETIZE AND EARN MONEY. THOSE STUDENT ATHLETES WHO WEREN’T ABLE TO DO THAT BECAUSE OF NCAA RULES PRIOR TO NIL COMING INTO EFFECT, WOULD ALSO BE ABLE TO TO PARTAKE IN SOME OF THE SETTLEMENT MONEY THAT’S MOVING FORWARD. AND REAL QUICKLY. I HAVE TO ASK YOU, ARE THERE WINNERS? ARE THERE LOSERS WITH THIS SETTLEMENT? IF SO, WHO FALLS ON EITHER SIDE? THAT’S A GREAT QUESTION. AND IT REMAINS AN OPEN QUESTION. EXACTLY HOW THE MONEY WILL BE DISTRIBUTED THAT WILL END UP BEING A LOCAL DECISION BY ATHLETIC DEPARTMENTS AND UNIVERSITIES. SO IN ONE WAY, IT DEFINITELY IS A WIN FOR STUDENT ATHLETES, ESPECIALLY THOSE WHO ARE GOING TO QUALIFY AND PLAY IN MORE OF THE REVENUE GENERATING SPORTS. BUT IT DOES CALL INTO QUESTION THINGS LIKE TITLE NINE AND SPORTS SPONSORSHIP, AND THE FACT THAT THERE’S A LOT OF REVENUE THAT ENDS UP SUPPORTING SPORTS ACROSS THE ENTIRE ATHLETIC DEPARTMENT IN DIVISION ONE, FOR DIVISION ONE INSTITUTIONS. SO THERE’S SOME TENSION BUILDING THERE BECAUSE OF THE FINANCIAL MODEL AND HAVING TO SHARE REVENUE. IT REMAINS AN OPEN QUESTION IN TERMS OF HOW SCHOOLS ARE GOING TO APPROACH THAT MOVING FORWARD. ALL RIGHT. SOME GREAT INFORMATION. WE HAVE TO LEAVE IT THERE. MIKE. MATTHEW, BANKER WITH MARQUETTE UNIVERSITY LAW SCHOOL, THANKS FOR YOUR TIME HERE THIS AFTERNOON. THANK YOU. NO PROBLEM. RIGHT NOW UNDER THE NATIONAL TAB ON THE 12 NEWS MOBILE APP. WHO GETS PAID HOW MUCH AND

10 members of NC State’s 1983 national champions sue NCAA over name, image and likeness compensation

Ten players from North Carolina State’s 1983 national champion basketball team have sued the NCAA and the Collegiate Licensing Company seeking compensation for unauthorized use of their name, image and likeness.The players filed suit in Wake County Superior Court on Monday, requesting a jury trial and “reasonable compensation.”The late Jim Valvano’s 1983 team became known as the “Cardiac Pack” for a series of close victories culminating in a 54-52 win over Houston on Lorenzo Charles’ dunk in the final seconds. Valvano’s run around the court became an iconic moment frequently replayed as part of NCAA Tournament promotions.”For more than 40 years, the NCAA and its co-conspirators have systematically and intentionally misappropriated the Cardiac Pack’s publicity rights — including their names, images, and likenesses — associated with that game and that play, reaping scores of millions of dollars from the Cardiac Pack’s legendary victory,” the lawsuit said.NCAA spokesperson Michelle Hosick did not immediately return a text message seeking comment Monday from The Associated Press.Plaintiffs include former team members Thurl Bailey, Alvin Battle, Walt Densmore, Tommy DiNardo, Terry Gannon, George McClain, Cozell McQueen, Walter Proctor, Harold Thompson and Mike Warren.Charles died in 2011 while Dereck Whittenburg, whose missed 30-footer was collected by his teammate for the winning dunk, is a staffer in the North Carolina State athletic department. Whittenburg is not among the plaintiffs listed in the suit.The suit contends that “student-athletes’ value to the NCAA does not end with their graduation; archival footage and other products constitute an ongoing income stream for the NCAA long after the students whose images are used have moved on from college.”The NCAA and the nation’s five biggest conferences recently agreed to pay nearly $2.8 billion to settle a host of antitrust claims, pending a judge’s approval.

Ten players from North Carolina State’s 1983 national champion basketball team have sued the NCAA and the Collegiate Licensing Company seeking compensation for unauthorized use of their name, image and likeness.

The players filed suit in Wake County Superior Court on Monday, requesting a jury trial and “reasonable compensation.”

The late Jim Valvano’s 1983 team became known as the “Cardiac Pack” for a series of close victories culminating in a 54-52 win over Houston on Lorenzo Charles’ dunk in the final seconds. Valvano’s run around the court became an iconic moment frequently replayed as part of NCAA Tournament promotions.

“For more than 40 years, the NCAA and its co-conspirators have systematically and intentionally misappropriated the Cardiac Pack’s publicity rights — including their names, images, and likenesses — associated with that game and that play, reaping scores of millions of dollars from the Cardiac Pack’s legendary victory,” the lawsuit said.

NCAA spokesperson Michelle Hosick did not immediately return a text message seeking comment Monday from The Associated Press.

Plaintiffs include former team members Thurl Bailey, Alvin Battle, Walt Densmore, Tommy DiNardo, Terry Gannon, George McClain, Cozell McQueen, Walter Proctor, Harold Thompson and Mike Warren.

Charles died in 2011 while Dereck Whittenburg, whose missed 30-footer was collected by his teammate for the winning dunk, is a staffer in the North Carolina State athletic department. Whittenburg is not among the plaintiffs listed in the suit.

The suit contends that “student-athletes’ value to the NCAA does not end with their graduation; archival footage and other products constitute an ongoing income stream for the NCAA long after the students whose images are used have moved on from college.”

The NCAA and the nation’s five biggest conferences recently agreed to pay nearly $2.8 billion to settle a host of antitrust claims, pending a judge’s approval.

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