Proposed $2.77 billion settlement clears first step of NCAA approval with no change to finance plan
Time:2024-05-22 11:02:35 Source:businessViews(143)
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.
You may also like
- Proposed $2.77 billion settlement clears first step of NCAA approval with no change to finance plan
- New Media Helps Promote Rural Revitalization Projects in Guizhou
- China head coach Jankovic vows to move forward after loss to S. Korea
- Cultural and Natural Heritage Day Celebrated Across China
- Devers sets Red Sox record by homering in his 6th consecutive game
- (HKSAR 25) Hong Kong's Future Very Promising: Chief Executive Carrie Lam
- Average Life Expectancy in China Hits 77.93 Yrs
- UN Launches Guidance Note on Monitoring, Reporting of Children Abducted in Conflicts
- The bodies of 4 men and 2 women were found strangled, piled up in Mexican resort of Acapulco