02:19 PM - September 27, 2013 by MMChrisS
The settlement total for EA and the CLC in their part of the college athlete likenesses lawsuits which brought an end to the NCAA Football series is valued at $40 million according to the NY Times.
The settlement affects 125,000 current and former college basketball and football players and ends up averaging just about $320 per player -- which is still too high given the presence of lawyers fees and such which would lower the total payout per player.
The total monetary number is actually quite a bit smaller than you'd expect, and much smaller than if the case had actually gone to trial. From a business standpoint, the $40 million itself was likely not necessarily a reason for axing NCAA Football. What we haven't heard yet are the other terms of the settlement, one of which could very well have been that EA Sports couldn't develop a college football game for x number of years.
We'll keep digging to see what we can find -- most likely additional details of the settlement will continue to leak out in the days and weeks to come.