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. |
China's Quan and Chen Storm to Women's Sychronized 10m Platform VictoryLi Bingjie Wins Women's 400m Freestyle at Hangzhou AsiadHard Work, Many Revisions Made Paralympic MascotFrom Migrant Worker to Reform PioneerChina's Zuo Wins Women's AllFor Active Ningxia Aunties, Skateboarding Is Way of LifeForeign diplomats impressed by traditional culture, highFeature: China's Post'Queen Wen' to Make US Open Quarterfinal Debut, Alcaraz Comes ThroughBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas