Proposed $2.77 billion settlement clears first step of NCAA approval with no change to finance plan
Release time：2024-05-22 10:22:34 Source：Stellar Space news portal
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.
- Previous：Turkish Airlines resumes flights to Afghanistan nearly 3 years after the Taliban captured Kabul
- Next：China sanctions former US lawmaker who supported Taiwan
Related articles
- Midwest storms: Large hail, torrential rain and tornadoes and more is coming
- Sinkhole opens up on busy Auckland road as water main bursts
- Boy, 6, reported missing in south Auckland found safe
- Smokefree law changes a 'completely backwards step'
- Russia begins nuclear drills in an apparent warning to West over Ukraine
- International Women’s Day: How can we have equity when we don't have pockets?
- New Zealanders fighting in Ukraine plead for more resources
- Ukraine could face defeat in 2024. Here's how that might look
- Garcia, Winker go deep as Nats end slide, beat struggling Twins 12
- Smokefree law changes a 'completely backwards step'
- Australia as Bangladesh vow to boost trade as foreign ministers meet in Dhaka
- ACC admits it failed amputee over unpaid entitlements
- Hamilton Movers won’t return accidental $50k payment to luxury hotel brand
- Man charged with murder of Ōpōtiki Mongrel Mob Barbarians president Steven Taiatini
- Slovak Parliament votes to condemn political violence after assassination attempt on prime minister
- Seven injured after two
- Major internet disruptions in west and central Africa
- Winston Peters back in the driver’s seat for coalition negotiations
- Russia begins nuclear drills in an apparent warning to West over Ukraine
- 'Large bang' forces Qantas flight down to one engine
Random recommendation