The NCAA compensation cap allows universities to pay their football and basketball players only in the form of tuition, books, room and board and related fees, which Monday’s complaint says is akin to a price fixing agreement.Attorney Jeffrey Kessler, who is no stranger to taking on sports’ governing bodies, claims in the lawsuit that the schools are generating “billions of dollars in revenues each year through the hard work, sweat and sometimes broken bodies of top tier college football and men’s basketball athletes.””The reality is that it is already pro sports for everybody but the athletes,” Kessler said, noting that the sports conferences negotiate lucrative television contracts and sponsorships, and universities shell out big bucks for coaches.In most states, a team coach is the highest paid state employee, the New York based attorney said.In October, the NCAA released a report saying that 82% of Division 1 athletes who entered school in 2006 earned their degrees. The NCAA lauded the graduation rates of two groups of student athletes, those playing for Football Bowl Subdivision teams and African American Division I men’s basketball players, whom the report said graduated at rates of 71% and 68%, both records, according to the NCAA.A September report from the University of South Carolina based College Sport Research Institute said student athlete graduation rates still hover well below those of the general student bodies. According to its “adjusted graduation gap” reports, players in the 10 conferences making up the Football Bowl subdivision which includes the five conferences named in Monday’s lawsuit graduated at a rate 18% below the male student bodies of their schools.

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