Power Conferences, NCAA To Vote On Landmark $2.7B Settlement

May 21, 2024 4:40 am

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. The deal would also create a landmark revenue-sharing system with college athletes. The terms of the agreement have met some pushback from the Division I conferences that do not compete in major college football. They 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.