Proposed $2.77 billion settlement clears first step of NCAA approval with no change to finance plan

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IN State Wire,S,District Of Columbia

A potential $2.8 billion settlement of an antitrust lawsuit has cleared the first of a three-step NCAA approval process. The Division I Board of Directors finance committee has passed the plan to settle House vs. NCAA to the full board with a recommendation to stick with the original finance plan.

FILE - In this April 25, 2018, file photo, the NCAA headquarters is shown in Indianapolis. University presidents around the country are scheduled to meet this week in May 2024, to vote on whether to accept a proposed settlement of an antitrust lawsuit that would cost the NCAA nearly $3 billion in damages. FILE - Wisconsin’s Traevon Jackson dribbles past the NCAA logo during practice at the NCAA men’s college basketball tournament March 26, 2014, in Anaheim, Calif.

The approved finance plan for the settlement calls for the NCAA to cover 41% of the $2.77 billion in damages, with the Power Five conferences accounting for 24% and the other five major college football conferences — the so-called Group of Five — covering 10%. The commissioners of the 22 non-FBS conferences sent a memo to NCAA leadership, proposing the finance structure be flipped so power conference withheld distributions cover 60% of the $1.6 billion.The Big Sky is one of the most successful conferences in the Championship Subdivision, with schools such as Montana, Montana State, Eastern Washington, Idaho State and Weber State.

“We believe over 95% of the damages are going to go to A5 football and basketball players. For non-A5 conferences to pay for that is disproportionate. We’re asking for a more proportionate structure because our student-athletes are not going to see the money,” Wistrcill said,

 

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