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College sports authorities and antitrust attorneys have proposed a deal to pay players billions in damages, change athlete compensation, and urge Congress to protect the college sports industry. The deal would allow schools to pay players a share of revenue, pay nearly $2.8 billion in damages, and eliminate limits on scholarships and team roster sizes. However, college officials still want federal laws to block athletes from employment rights and state laws governing player earnings. The proposed settlement does not depend on federal legislation, but colleges hope it will lead to exemptions from labor and antitrust laws. The deal is a victory for athlete attorneys and is expected to provide over $20 billion in new payments and benefits to college athletes over the next decade….