Tweet
Sources: NCAA plan to pay off settlement irks non-Power 5 schools
Pete Thamel, ESPN
May 17, 2024, 08:45 PM ET
"As the NCAA continues to make steps toward the expected settlement of the landmark House v. NCAA lawsuit and other related anti-trust cases, there is pushback on how the NCAA plans to pay the expected $2.7 billion in back damages over the next decade, sources told ESPN.
The NCAA sent out a four-page memo to all 32 Division I conferences this week detailing how the organization plans to cut back on distribution to leagues in six annual payout categories to pay the proposed $2.7 billion in damages...
The memo detailed how the NCAA could split up an expected $1.6 billion that would come from reductions in NCAA distribution, sources told ESPN....
Of that $1.6 billion, nearly 60% is expected to come from leagues outside the Power 5 conferences that are named in the House lawsuit, sources said. (The NCAA is named, and all of the schools are members.) The other 40% will come from the power conferences...."
---
Sounds like to me, there needs to be a little January 6th, get together in Indianapolis.
Pete Thamel, ESPN
May 17, 2024, 08:45 PM ET
"As the NCAA continues to make steps toward the expected settlement of the landmark House v. NCAA lawsuit and other related anti-trust cases, there is pushback on how the NCAA plans to pay the expected $2.7 billion in back damages over the next decade, sources told ESPN.
The NCAA sent out a four-page memo to all 32 Division I conferences this week detailing how the organization plans to cut back on distribution to leagues in six annual payout categories to pay the proposed $2.7 billion in damages...
The memo detailed how the NCAA could split up an expected $1.6 billion that would come from reductions in NCAA distribution, sources told ESPN....
Of that $1.6 billion, nearly 60% is expected to come from leagues outside the Power 5 conferences that are named in the House lawsuit, sources said. (The NCAA is named, and all of the schools are members.) The other 40% will come from the power conferences...."
---
Sounds like to me, there needs to be a little January 6th, get together in Indianapolis.
Comment