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A settlement is expected to pass, which would
create a framework that would allow schools to give millions of
dollars to athletes in the future. Former athletes who couldn't
sign Name, Image and Likeness (NIL) deals would also have access
to a fund of over $2.7 billion.
There will be four more votes this week, with three coming from
Power Five conferences and the other coming from the NCAA board
of governors.
Presidents of ACC schools voted in-person in Charlotte on
Tuesday, the same day that presidents and chancellors of Big 12
universities met virtually to vote. Texas and Oklahoma, the
departing members of the Big 12, stayed away from that vote,
which resulted in unanimous approval.
ESPN's report indicated that conferences are putting forth
little resistance to the settlement, and the NCAA is also in the
same boat.
The Pac-12 will be voting as a 12-team conference, the way it
was when the House v. NCAA case was filed.
As part of the settlement, the NCAA would have to pay over $2.7
billion in back damages over a decade. About $1.6 billion of
that won't be given to the schools.
Schools are trying to settle to avoid things spiraling further
out of control in the future, something that legal experts
foresee happening because of the NCAA's poor track record in
court cases, per ESPN's report.
--Field Level Media [© 2024 Thomson Reuters. All rights
reserved.]
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