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And here's another set of consequences, which I'm sure the attorneys like @DMoney and @AtlAtty will opine on. if that ruling stands (which is more probable than not) and the athletes are truly employees, they would have all the rights attendant thereto. and so would the schools as employers...

this is true. although I really don't know much about how it worked at the time, as I never received any, a decent group of my teammates at Yale did receive financial aid in the form of stipends, grants or loans. my impression it wasn't much different than what the general student population...