Get Cash for Your NCAA Settlement
You may have options to get paid sooner
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JG Wentworth is the leader in structured settlements, annuities, and debt solutions. We are best known for purchasing future structured settlement payments and annuities in exchange for lump-sum cash payouts, helping individuals access funds they might otherwise have to wait years to receive.
Individuals with valid claims in antitrust lawsuits related to college athlete NIL litigation — including House v. NCAA, Carter v. NCAA, and Hubbard v. NCAA — may be eligible to receive their settlement payments sooner.
The timing of NCAA settlement payments can vary and is not guaranteed to occur all at once. Payments may be distributed over time and are often dependent on court approval, administrative processing, and the final terms of the settlement.
For many eligible athletes, this means payments could take months — or longer — to begin and may be spread out over several years rather than paid in a single lump sum.
If you don’t want to wait for scheduled payments, you may have the option to receive cash sooner by selling some or all of your future settlement payments.
No. You may be able to sell only a portion of your future NCAA settlement payments and keep the rest. The amount you choose to sell depends on your individual situation and eligibility, and there’s no obligation to move forward unless the option makes sense for you.
WARNING ABOUT POTENTIAL TAX CONSEQUENCES
You should seek advice from a registered tax preparer or competent tax advisor about your tax obligations for any payments that you are entitled to receive under the Settlement. However, the Court overseeing the Settlement has directed us to provide the following disclosure:
THE TAX CONSEQUENCES OF ANY AGREEMENT YOU SIGN REGARDING YOUR CLAIM MAY VARY DEPENDING ON THE SPECIFIC TERMS OF THAT AGREEMENT. WITH CERTAIN TRANSACTION STRUCTURES, YOU MAY BE REQUIRED TO PAY INCOME TAXES ON THE FULL AMOUNT OF THE PAYMENTS THAT YOU ARE ENTITLED TO UNDER THE SETTLEMENT (EVEN IF THE RESULTING TAX LIABILITY EXCEEDS THE AMOUNT YOU RECEIVED UNDER THE AGREEMENT).
A TRANSACTION STRUCTURED AS AN OUTRIGHT OR “TRUE” SALE MAY REMOVE FUTURE SETTLEMENT PAYMENTS FROM YOUR GROSS INCOME FOR FEDERAL AND STATE INCOME TAX PURPOSES, IN WHICH CASE YOU WOULD INSTEAD LIKELY PAY TAX ON THE PURCHASE PRICE YOU RECEIVE. AS A RESULT OF A SALE, YOU WOULD ALSO BE FORFEITING ANY AND ALL RIGHTS TO RECEIVE ADDITIONAL INCOME OR FUTURE PAYMENTS UNDER THE FOURTH AMENDED STIPULATION AND SETTLEMENT AGREEMENT, IN RE: COLLEGE ATHLETE NIL LITIGATION, NO. 4:20-CV-03919 (THE “SETTLEMENT AGREEMENT”). YOU SHOULD CONSULT WITH A COMPETENT TAX ADVISOR REGARDING THE SPECIFIC TAX CONSEQUENCES OF YOUR PARTICULAR AGREEMENT BEFORE SIGNING THE AGREEMENT.
Additional information, including information about the potential tax consequences of selling your right to receive settlement payments, may be found on the Settlement website here.
JG Wentworth is a purchaser of assets and does not provide legal, tax, or financial advice. Please consult with independent professionals for such advice.
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