ALBUQUERQUE — On June 6, a settlement was approved to end the House v. National Collegiate Athletic Association antitrust lawsuit. The settlement allows for the direct payment of student-athletes by universities, among other changes.
The settlement includes a $2.8 billion payout for student-athletes who competed in 2016-24 and were unable to be compensated for the use of their name, image and likeness, which is paid out over the next 10 years.
As a university that opted into the settlement, the University of New Mexico faces an approximately $500,000 per year deduction in its NCAA distribution, according to UNM Vice President and Director of Athletics, Fernando Lovo…