Proposed $2.77 billion settlement clears first step of NCAA approval with no change to finance plan
A potential multibillion-dollar settlement of an antitrust lawsuit has cleared the first of a three-step NCAA approval process, with no change to a payment structure that would have the 27 college conferences not named in the suit cover the majority of a $1.6 billion portion of the damages.
The Division I Board of Directors finance committee on Monday night passed the proposed $2.77 billion settlement of House vs. NCAA to the full board with a recommendation to stick with the original finance plan.
The NCAA, Big Ten, Big 12, Atlantic Coast Conference, Pac-12 and Southeastern Conference are defendants in the House case, a class-action lawsuit that seeks back pay for college athletes who were denied name, image and likeness compensation dating to 2016. The NCAA lifted its ban on athletes earning money for sponsorship and endorsement deals in 2021.
Related articles
- NEW YORK (AP) — Ty France hit a go-ahead RBI single in Seattle’s four-run ninth inning against relie2024-05-22
Is a 99% mortgage really that bad? This is Money podcast
The row over small deposit mortgage is the gift that keeps on giving.Hot on the heels of the Budget2024-05-22New wonders of the world! The crowd
Many of us have had the good fortune to visit some of the great wonders of our planet — perhaps the2024-05-22- Britons hoping for a last-minute flight to go on a European holiday this Easter can still catch a gr2024-05-22
Austrian leader lauds UK's efforts on migration and cites its plan for deportations to Rwanda
VIENNA (AP) — Austria’s leader praised Britain Tuesday as a “pioneer” in outsourcing asylum proceedi2024-05-22Is taking a Nile river cruise in Egypt worth it? I filmed my five
It's perceived as being one of the most glamorous and romantic ways of seeing one of the world's mos2024-05-22
atest comment