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. |
The LatestGarland speaks with victims' families as new exhibit highlights the faces of gun violenceBeauty experts reveal the common gel manicure mistakes that are RUINING your nailsHairy Biker Dave Myers 'left £1.4million windfall for his wife Liliana'Nepal's president asks visiting Qatari emir to help free student held hostage by HamasThe EU will probe whether China is unfairly denying companies access to its medical devices marketWitt's 2Is US banning TikTok? All you need to knowTauchman homers twice as Cubs win 7Jennifer Garner reunites with 13 Going On 30 co