Court filings or major legal news outlets

College Sports Face Financial Challenges Amid $2.77 Billion House Settlement for Power 5 Schools

May 18, 2024, 12:29 PM

The college sports landscape is facing significant financial and structural challenges due to upcoming anti-trust settlements. The House settlement requires Power 5 schools to cover 40% of the $2.77 billion in damages, Group of 5 schools 17%, and other Division I schools 2%. Schools will pay 60% of the $2.7 billion settlement over ten years, while the NCAA will cover the remaining 40%. There is notable discontent among schools, particularly those outside the power conferences, regarding the financial burdens imposed by the settlement. The College Commissioners Association (CCA22) is expected to propose changes to address these concerns. Additionally, the handling of finances for the 10 departing Pac-12 members is a contentious issue, as they do not want to pay twice for the settlement.