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Players to receive $40 million in video-game lawsuit settlement

Video game manufacturer EA Sports and Collegiate Licensing company will pay close to $40 million to settle lawsuits by players that had their likenesses used without compensation, according to reports.

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Somewhere between 200,000 and 300,000 players stand to benefit from the settlement, but a lawyer for the players said it's not yet clear how the money will be divided. If split equally among the players involved, the plaintiffs could receive as little as $133 apiece.

ESPN reported a source said that current players are eligible to benefit from the settlement. An NCAA spokeswoman told ESPN college athletics' governing body "won't speculate" about whether players would be violating NCAA bylaws by accepting benefits of the lawsuit because it had not yet reviewed the terms of the settlement.

The suit isn't quite over yet, though. Following the settlement, the NCAA is the lone defendant remaining.

On Thursday, EA Sports announced it would not produce its popular NCAA football video game next year.

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