Power conferences, NCAA to vote on landmark $2.7 billion settlement as smaller leagues balk at terms
University presidents around the country are scheduled to meet this week to vote on whether to accept a proposed settlement of an antitrust lawsuit that would cost the NCAA nearly $3 billion
University presidents around the country are scheduled to meet this week to vote on whether to accept a proposed settlement of an antitrust lawsuit that would cost the NCAA nearly $3 billion and create a landmark revenue-sharing system with college athletes.
The terms of the agreement have met some pushback from Division I conferences that do not compete in major college football. Leaders of those leagues say they are being asked to bear an undue financial burden on the damages portion of the settlement.
Attorneys for the defendants in House vs. NCAA gave college sports leaders until Thursday to agree to terms of a deal. The defendants are the NCAA and the Power Five conferences — the Atlantic Coast, Big Ten, Big 12, Pac-12 and Southeastern.
The presidential boards of the NCAA and the five conferences must individually vote to accept the settlement. That includes the full current Pac-12 membership before that league shrinks to two schools later this summer.
