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Big 12 Presidents Become First Voters to Approve Settlement in House v. NCAA

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Big 12 Presidents and Chancellors laid a major foundational piece down on Tuesday by becoming the first party to vote in favor of a settlement in the House v. NCAA court case.

The case involves a plethora of legal issues against the NCAA, and in the event of a settlement, modern college athletics would likely begin the path toward a model that features revenue-sharing with power universities and their student-athletes.

 

“The Big 12 presidents and chancellors have unanimously voted to settle the looming anti-trust cases, including House v NCAA,” ESPN’s Pete Thamel wrote. “They have been briefed in recent days on the settlement’s 13-page term sheet. The Big 12 is the first of six named parties to vote this week.”

According to a report from Yahoo Sports’ Ross Dellenger, “The settlement, believed to be in the final stages of adoption, consists of three main concepts: billions in back damages; a new compensation model permitting schools to share as much as $22 million annually with athletes in a capped system; and an overhaul of the NCAA scholarship and roster structure.”

While it’s tough to predict what the future of college athletics may look like pending a settlement with the NCAA, as fans, athletes, coaches, and everyone associated with college sports have noticed, change is needed.

Settling with power conferences on the new infrastructure model would help the NCAA cover the massive amount of back damages owed to student-athletes for the league profiting off of Name, Image, and Likeness, prior to the adaptation of NIL.

Should the settlement be rejected, as outlined in the court documents, the NCAA would be responsible for paying back a $2.776 billion tab. More updates are expected this week as fellow power conferences vote on the settlement.

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