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
Testimony at Sen. Bob Menendez's bribery trial focuses on his wife's New Jersey home
NEW YORK (AP) — A New Jersey businessman rescued the home of Sen. Bob Menendez’s wife from foreclosu2024-05-22- Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-22
Silk Road Int'l Expo Pushes for Deeper Belt and Road Cooperation
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-22SW China's Banxi Village Enters Fruits Harvest Season
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-22Hong Kong: Authorities will monitor internet platforms for non
HONG KONG (AP) — Hong Kong’s leader said Tuesday his administration would keep monitoring for any no2024-05-22Across China: National Fitness Day Events Held Nationwide to Promote Healthy Living
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-22
atest comment