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The NCAA Board of Directors has voted to approve a recommended plan to finance a $2.8 billion antitrust settlement. The vote, which was 16-3-2, is a significant step towards resolving three major antitrust lawsuits against the NCAA, potentially averting $20 billion in damages. The settlement, also approved by Big Ten Conference leadership on Wednesday, marks a pivotal moment for college athletics, paving the way for dramatic changes in the industry. The Board of Governors is scheduled to meet tomorrow to potentially finalize the deal. The proposed settlement cleared the first step of approval with no change to the finance plan.
NCAA votes to accept $2.8 billion settlement that will usher in dramatic changes for college sports (AP) "The settlement could resolve three major antitrust lawsuits against the NCAA that carry the threat of some $20 billion in damages..." https://t.co/I0NanjaR7K https://t.co/KrWCCwkT6m
The NCAA and Big Ten Conference leadership approved a $2.8 billion settlement of antitrust claims Wednesday, moving college athletics closer to some of the most sweeping changes in its history. https://t.co/FpcbamRneP
NCAA votes to accept $2.8 billion settlement that will usher in dramatic changes for college sports (from @AP) https://t.co/fmuaRjpraf
