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.
Clarifications and corrections
Revealed: England's 'postcode lottery' of maternity care laid bare in interactive map and table
Palestinian band escapes horrors of war but members' futures remain uncertain
Tagovailoa misses Dolphins' OTA day to attend Saban's charity golf tournament
Families still looking for missing loved ones after devastating Afghanistan floods killed scores
Rain washes out Gujarat's slim hopes of IPL playoffs while Kolkata assured of a top 2 spot
8 watches owned by Formula One great Michael Schumacher are going up for auction
Fake elector case: Former Arizona GOP chair Kelli Ward and others set to be arraigned
I'm a forensic researcher who studies rapists
Vikings seek new deal with Justin Jefferson; star WR absent so far from workouts, AP source says
Nigeria labor unions protest higher electricity prices