Proposed $2.77 billion settlement clears first step of NCAA approval with no change to finance plan | ABC News
In a groundbreaking development that could potentially shape the landscape of college sports, a significant step has been taken towards the resolution of an antitrust lawsuit within the NCAA. This lawsuit, known as House vs. NCAA, seeks to compensate college athletes who were denied earnings from their name, image, and likeness since 2016. The proposed settlement amounts to a staggering $2.77 billion, with $1.6 billion designated to be paid directly to athletes.
Remarkably, the financial burden of this settlement is set to be shouldered primarily by the Power Five conferences, including the Big Ten, Big 12, ACC, and SEC. These conferences are expected to commit upwards of $20 million per year from each of their member schools, totaling approximately $300 million per school over a decade. Additionally, the NCAA itself will cover a significant portion of the damages over 10 years through various means, including reductions in operating expenses and distributions to member schools.
However, tensions have arisen regarding the distribution of this financial burden, particularly from conferences outside the Power Five. Commissioners from non-FBS conferences, such as the Big Sky, have raised concerns about the disproportionate impact on their member institutions. Despite their significant contributions, they argue that their student-athletes are unlikely to benefit proportionally from the settlement, given the vast disparities in athletic department budgets.
The approval process for this settlement is underway, with various NCAA boards and conference leadership deliberating on its terms. While there is optimism regarding its approval, there remains a contentious debate over the distribution structure and its implications for different tiers of college sports programs. With potential multibillion-dollar ramifications, this settlement could reshape the dynamics of collegiate athletics, raising crucial questions about equity, financial responsibility, and the future of student-athlete compensation………..[read more]
Rising Dough
How might the proposed financial structure of the NCAA settlement impact the long-term sustainability and equity within college sports, especially considering the differing financial capacities of various conferences and institutions?
*Click on the “Full Loaf” icon to read the full article! After you read the full article, let us know your thoughts.
☕️ **Discover Stone Street Coffee Company – Your Coffee Haven!**
Today’s Dough readers, if you’re on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today’s Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street’s commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟
Share this content:
