Frequently Asked Questions
Get answers to common questions about selling your NCAA settlement claim. If you don't find what you're looking for, feel free to contact us.
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 at: https://www.collegeathletecompensation.com/house-frequently-asked-questions.aspx
General Questions
How much will I receive for my claim?
Offers vary based on your specific claim value and current market conditions. We provide competitive rates to ensure you receive fair value.
Is this legal?
Yes, selling settlement claims is completely legal and regulated. We ensure all transactions comply with applicable laws and regulations.
What documents do I need?
You'll need your NCAA settlement notification, a valid ID, and proof of your athletic participation. We'll guide you through gathering any additional documents.
I don't know my NCAA Eligibility ID. How do I retrieve it?
Your NCAA Eligibility ID is a 10-character code found in your NCAA Eligibility Center account. You can retrieve it by visiting the NCAA Eligibility Center and clicking "Need to locate your NCAA ID?" For detailed instructions, see our step-by-step guide.
I don't know my Claim ID or PIN. How do I retrieve it?
Your Claim ID (11 digits) and PIN (4 digits) can be found in the email or letter sent to you by the settlement administrator. If you can't locate them, contact Verita at admin@collegeathletecompensation.com. For a complete email template and detailed instructions, see our step-by-step guide.
Can I review the agreement before signing?
Yes, absolutely. You can review the draft agreement at any time before proceeding with your claim sale. We encourage you to read it carefully and consult with an attorney if you have any questions. You should also review the tax consequences disclosure on this page before signing any agreement.
Can I change my mind?
You can withdraw from the process at any time before signing the final purchase agreement. After signing, you have a 7-day cooling off period during which you can terminate the agreement by notifying us in writing and returning the payment via wire transfer. After the cooling off period expires, the sale becomes final.
What if I have questions?
Our team is available to answer any questions throughout the process. Contact us at claims@ncaacreditor.com.
State-Specific Eligibility Rules
Because state laws differ on whether people can sell or "assign" lawsuit claims, the rules below apply in addition to all other terms. Please read them carefully—especially if you live in one of the states listed.
Maine and Vermont – Highest Uncertainty
Why the extra caution?
- Maine and Vermont have almost no court decisions on whether selling a lawsuit claim is allowed.
- Both states have broad "litigation-funding" statutes that might apply to this kind of transaction, but no court has said so yet.
What this means for you
- If you live in Maine or Vermont, we can still review your claim, but there is a real risk a court could later say the sale is invalid.
- By submitting your claim, you agree that you—not we—bear that risk. If a Maine or Vermont court later voids the transfer, you may have to return the purchase price and we will re-assign the claim to you.
Possible extra steps
We may ask for additional documents or a short waiting period while our counsel re-checks any new legal developments in your state.
Nebraska, Ohio, and Oklahoma – Assignment Only After Final Court Approval
Pending claims cannot be sold yet
- These states allow the sale only after the court issues a final, non-appealable order confirming the amount you will receive from the NCAA Settlement.
- If you are a resident or legal domiciliary of Nebraska, Ohio, or Oklahoma, we cannot buy your claim until that final order is in place.
What to expect
- We will accept your application now and place it on hold.
- Once the final order is entered—and no appeal is possible—we will contact you to complete the sale at a new price that reflects the current fair market value of your claim (subject to customary closing conditions).
Your Acknowledgements
By submitting your claim:
- You confirm that the state of your legal residence is accurate in your account profile.
- You understand that state-specific rules may delay, limit, or void our ability to buy your claim.
- You agree that we may cancel or unwind a transaction if required by state law, a court order, or regulatory guidance.
If you have questions about how these rules affect you, please email claims@ncaacreditor.com before proceeding.
Still Have Questions?
Our team is here to help. Contact us directly or start the process to speak with a specialist.