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Tip-off between the Florida Gulf Coast Eagles and the North Carolina Tar Heels during the NCAA Men's Basketball Tournament in 2016. Photo: Streeter Lecka/Getty Images

The Supreme Court on Wednesday agreed to hear the NCAA's appeal of lower court rulings that found the association violated antitrust laws by placing limits on education-related compensation for athletes.

Why it matters: The rulings expanded the range of education-related benefits student-athletes could receive. The NCAA claims this "effectively created a pay-for-play system for all student-athletes, allowing them to be paid both 'unlimited' amounts for participating in 'internships'" and an additional $5,600 or more per year of eligibility.

The big picture: The decision to hear the cases "comes amid broader national efforts to overhaul college athletics," the Wall Street Journal notes.

  • California last September passed a bill to allow student-athletes in the state to get paid for their name, image and likeness.
  • Lawmakers across the country have introduced similar bills.

What's next: The court will likely hear arguments in the spring, and a ruling is expected to come by the end of June.

  • The court will hear the two cases — American Athletic Conference v. Alston, and National Collegiate Athletic Association v. Alston — together.

Go deeper

Jan 24, 2021 - Economy & Business

The limits of Biden's plan to cancel student debt

Data: New York Fed Consumer Credit Panel/Equifax; Chart: Axios Visuals

There’s a growing consensus among Americans who want President Biden to cancel student debt — but addressing the ballooning debt burden is much more complicated than it seems.

Why it matters: Student debt is stopping millions of Americans from buying homes, buying cars and starting families. And the crisis is rapidly getting worse.

Updated 9 hours ago - Politics & Policy

U.S. sounds alarm on Ukraine

Conscripts line up at a Russian railway station yesterday before departing for Army service. Photo: Sergei Malgavko/TASS via Getty Images

The Biden administration is "deeply concerned" by new intelligence — detailed for Axios and other outlets — showing Russia stepping up preparations to invade Ukraine as soon as early 2022.

Why it matters: Most of this was known from public sources and satellite imagery, but the administration is sending a stronger signal by releasing specific details from the intelligence community.

11 hours ago - Economy & Business

CNN fires Chris Cuomo

Photo: Kevin Mazur/Getty Images for CNN

CNN said Saturday evening it has fired one of its star anchors, Chris Cuomo, following new revelations from a legal review made by the company into Cuomo's involvement in the management of his brother's sexual harassment scandal.

Why it matters: Saturday's firing speaks to how much pressure CNN was under by employees and critics to address Cuomo's behavior.