Discord arises as the NCAA considers a $2.8 billion settlement in an antitrust lawsuit, with non-FBS conferences objecting to the proposed payment structure. The Big East commissioner seeks a new plan, and the CCA22 proposes an alternate damages payment model.
Sources have confirmed to @FOS that the Big 12 and Big Ten are/were voting on the original House proposal, where NCAA pays 60% of the damages and the Power conferences pay 40%. Here’s what a source told me about how the rest of D-I was shut out, even tho they’re indirectly paying https://t.co/ACVT9pmUvI
Sources: NCAA Board of Directors voted for recommended plan to finance the $2.8 billion in settlement damages. @RossDellenger first. Vote was 16-3-2, per one source. Opposition was voiced but vote carried. Board of Governors scheduled to meet tomorrow to potentially seal deal.
Despite pushback from non-FBS conferences, the NCAA Board of Directors has approved the recommended funding plan to finance $2.8B in settlement damages, sources tell @YahooSports. Board of Governors meets this week to serve as the final step in authorization of settlement terms.
NEW: Power conferences + NCAA are each voting individually this week to authorize a settlement in House. Votes will be done by EOD Thursday, I'm told. Meanwhile, there's uproar from the rest of D-I. Plus, a settlement won't answer the employee question. https://t.co/3kognMJecA
NEW: Power conferences + NCAA are each voting individually this week to authorize a settlement in House. The votes will go until EOD Thursday, I'm told. Meanwhile, there's uproar from the rest of D-I. Plus, a settlement won't answer the employee question. https://t.co/3kognMJecA
NEW EXTRA POINTS: Open tensions between big conferences and small. Uncommonly public negotiations over a class action settlement. No guarantee this entire thing even gets approved by a judge. Is uh, something fishy about this House settlement business? https://t.co/qjMQP7B1wg
Power conferences, NCAA to vote on landmark $2.7 billion settlement as smaller leagues balk at terms https://t.co/BdrRJ4RFAM
Power conferences, NCAA to vote on landmark US$2.7-billion settlement as smaller leagues balk at terms https://t.co/fVMhkGLRkv
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. https://t.co/IxqOS2G8q1
Obviously big news given the objection to the initial plan by many of the non-FBS conferences. More coming this week, but the House settlement moves forward now toward a resolution before Thursday’s deadline. https://t.co/rPD0BVQPZN
After a lengthy and robust discussion Monday over several proposals, the finance subcommittee of the NCAA DI Board of Directors is recommending to the Board the original proposal - not the “alternate plan” - to finance the $2.77B settlement damages, sources tell @YahooSports.
Power conferences, NCAA to vote on landmark $2.7 billion settlement https://t.co/Nlw8TIrOeP https://t.co/42uiVQLNDb
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... https://t.co/Gpn8eicSVq
The NCAA power conferences are trying to force an unequal deal on the less powerful in lawsuit settlements, @ByPatForde writes https://t.co/LScsHaPIkc
Column: The power leagues in college sports have worked for a decade to distance themselves from the rest of Division I. But now they want the smaller conferences to take what looks like an unequal deal to settle massive lawsuits. https://t.co/fMEKqIF6o9
Big week in college sports with a deadline for a multibillion lawsuit settlement looming. And because this is a college sports, there are a lot of people unhappy about part of this deal. “Basketball-centric leagues are really getting hit." https://t.co/tTk4j9bDfi
Facing a $20 BILLION legal hit, the NCAA is cowering to Power 5 schools like Georgia, FSU and Ohio State – and taking it out on schools like Evansville, FAMU and Ball State. https://t.co/FAVgM39W7g
NEWS: The 22 non-FBS football conferences sent a letter to the NCAA this morning disputing the proposed payment structure in the anti-trust settlements. The letter, viewed by ESPN, proposes an alternative payment model -- 60-percent paid by A5, as opposed to current 40-percent. https://t.co/AjVSgtjRPf
A class-action lawsuit with almost $3B on the line pressures the NCAA — which employs lots of nice people in nice offices who drive nice cars to their nice homes — to appease the Power 5. The 27 smaller conferences? Collateral damage. Story is free, open to all. https://t.co/ZSLGD19IuS
Even if a settlement is agreed on this week in the House v. NCAA, it's the start of a longer process. Plenty still needs to be figured out. How will $20 million in revenue sharing be split? And when will it all start? via @PeteNakos_: https://t.co/y8dn9wwiAT https://t.co/EKXWuqZimB
POD: @ChrisMWilliams & @brentblum answer mailbag questions while getting you set for a critical week for the future of college sports. https://t.co/8rNmbMK7rf
The CCA22 — the group of non-FBS D-I conferences — is submitting an alternate damages payment proposal to top NCAA governing boards, sources tell @TheAthletic. They're asking to either delay a final decision on the financial breakdown or adjust it to ~60/40 Power 4/non-P4.
The CCA22 — the group of non-FBS D-I conferences — is submitting an alternate damages payment proposal to top NCAA governing boards, sources tell @TheAthletic. They're asking to either delay a final decision on the financial breakdown or adjust it to 60/40 Power 4/non-P4.
Everything to know about what might be one of the most consequential weeks in college sports history: - Player revenue sharing - Billions in NIL backpay - Why non-P5 schools are upset - Roster caps/walk-ons From @Williams_Justin and @NicoleAuerbach: https://t.co/9B7hyE1jdK
Useful and informative read. There's been simmering frustration from the non FBS leagues about their legal exposure, "lack of support from the national office: and more...wonder if this settlement pushes any towards more dramatic action https://t.co/Psp1ULGapk
Questions remain at the start of what could be a crucial week for shaping the future of college sports. What's at stake and what is still to be decided? @PeteThamel and I do our best to explain here: https://t.co/NjhZXySeY8
On the brink of a historic settlement, discord exists. Big East commissioner Val Ackerman “strongly objects” to a $70M tab her league may owe in damages & seeks a new plan to the one NCAA/P5 “orchestrated,” she writes in letter obtained by @YahooSports. https://t.co/4gGMBq9odE