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Report: EA Sports, Collegiate Licensing Company to pay $40M in settlements

Between 200,000 and 300,000 current and former college athletes will split around $40 million from EA Sports and Collegiate Licensing Company as a settlement in lawsuits brought forth by the players concerning the use and sale of their likenesses, ESPN reports.

It's unclear how current players, who are eligible to receive a portion of the settlement, would be affected under NCAA rules concerning extra benefits.

It's also unclear how the settlement money would be divided among the players. A source told ESPN that even though much of the focus centered on EA Sports' popular "NCAA Football" video game series, players who are part of the case but did not appear in the game are still eligible for part of the settlement.

On Thursday EA Sports and CLC announced that they had agreed to settle all claims brought forth by the Ed O'Bannon lawsuit against the two companies and the NCAA. The NCAA is now the lone defendant in the ongoing case.

EA Sports also announced Thursday that it would not release an NCAA football game in 2014, citing legal concerns and a lack of support from the NCAA and collegiate conferences.

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