Official statements from NCAA or Power 5 conferences

NCAA and Power 5 Conferences, Including Texas and Michigan, Near $2.7 Billion Antitrust Settlement Amid Discord

May 20, 2024, 01:46 PM

The NCAA and Power 5 conferences are poised to vote on a historic antitrust lawsuit settlement, which could reshape the landscape of college sports. The proposed $2.7 billion settlement has sparked significant discord, with Big East Commissioner Val Ackerman strongly objecting to the $70 million her league may owe in damages. Non-FBS Division I conferences, represented by the CCA22, have proposed an alternate payment plan, suggesting either a delay in the decision or a 60/40 financial breakdown between Power 4 and non-P4 schools. The settlement discussions also involve player revenue sharing and potential billions in NIL (Name, Image, Likeness) backpay. Smaller leagues express frustration over their legal exposure and lack of support from the national office. The outcome of this settlement could have far-reaching implications, particularly for the 27 smallest leagues, which could be significantly impacted if the current plan is approved. Schools like Texas and Michigan, and concerns from the Fontenot case, are central to the discussions.