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
At least 6 Egyptian women die after vehicle slides off ferry and plunges into Nile River
CAIRO (AP) — At least six Egyptian women died Tuesday after a vehicle carrying about two dozen peopl2024-05-22Thousands rally in Slovakia to protest a controversial overhaul of public broadcasting
BRATISLAVA, Slovakia (AP) — Thousands of Slovaks rallied in the capital on Thursday to protest – aga2024-05-22Liberia passes a law setting up a long
MONROVIA, Liberia (AP) — President Joseph Boakai on Thursday signed an executive order to create a l2024-05-22Iranian professor makes chilling prediction about American college students after pro
An Iranian academic claims pro-Palestine protesters that have taken over American universities would2024-05-22Election 2024: Nikki Haley faces a key decision on whether or not to endorse Trump
COLUMBIA, S.C. (AP) — Nikki Haley is perhaps the highest-profile Republican in the nation who has re2024-05-22Missouri Senate filibuster ends with vote on multibillion
JEFFERSON CITY, Mo. (AP) — A dayslong filibuster in the Missouri Senate ended Thursday after a Repub2024-05-22
atest comment