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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.