Virginia Commonwealth University intends to pay its athletes beginning next school year, a monumental change to its financial model.
VCU intends to opt in to a lawsuit settlement, joining potentially hundreds of other colleges that will compensate players for their abilities beyond a scholarship, said Ed McLaughlin, the school’s athletics director, in a recent interview.
The new expense will cost VCU between $4 million and $5 million per year and require the athletic department to find new streams of revenue.
Read the full story in the Richmond Times-Dispatch.
