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:
Related suggestion:
One killed in central Auckland crashAttendance action plan includes daily data, traffic light systemCompanies 'not interested' in publicLaw change needed to help atMinister for Employment Louise Upston 'really feels' for public servants losing their jobsAlexei Navalny was about to be freed in prisoner swap, says colleagueHarris blames Trump for abortion ban in Arizona Wellington City Council votes to increase housing densityMigration still at record levels but signs of slowdownExplainer: What do we know about Kate's preventative chemotherapy?
3.3996s , 6496.6875 kb
Copyright © 2024 Powered by Proposed $2.77 billion settlement clears first step of NCAA approval with no change to finance plan ,Planet Perspective news portal