College sports settlement revised, replaces 'booster' with 'associated entity,' adds $21.5M fund for athletes.

Attorneys have revised a $2.78 billion settlement concerning college sports by replacing "booster" with "associated entity," addressing U.S. District Judge Claudia Wilken's concerns about oversight of name, image, and likeness (NIL) deals. The settlement includes a $21.5 million fund for athletes in the first year and introduces neutral arbitration for deals involving associated entities, enhancing clarity and transparency in the regulation of athlete compensation.