Plaintiffs likely to seek $240M from NCAA in antitrust lawsuit

Plaintiffs in an antitrust lawsuit against the NCAA and 11 major conferences likely will be seeking more than $240 million in damages to account for full cost of attendance scholarships that weren't available over the past five years, according to a report from USA Today.

The suit was originally filed in March 2014, and seeks to cover athletes in football and men's and women's basketball who are arguing that if cost-of-attendance- based scholarships had been in place years ago, they would have received more lucrative scholarships.

The case can reach back as far as five years, according to the report, and also seeks damages for athletes in those three sports that have received or are still receiving athletic scholarships that don't cover the full cost of attendance since the suit was initially filed.

More than $720 million could be at stake in the case because under antitrust law, the amount is tripled if a jury decides to award damages to a plaintiff. Although the NCAA and 11 conferences are named as defendants, other Division I schools and conferences are alleged to have been co-conspirators, according to USA Today.