Another update from Dellinger on the House case settlement plan
It's a long article, lots of details. Read the whole thing.
The settlement draft was presented at the ACC meetings
This paragraph has most info on the settlement:
"At the end of it all is a steep price tag — as much as $300 million per school over the 10-year settlement agreement. That figure assumes a school (1) meets a revenue distribution cap of $21 million; (2) $2 million in withheld NCAA distribution for back damages; and (3) as much as $10 million in additional scholarship costs related to an expansion of sport-specific roster sizes."
If they don't agree to a settlement,
"However, the document notes, the tab will be significantly larger and the timeline significantly shorter with a loss in court. The document outlines settlement “pros” and “cons,” and offers “alternatives” if the settlement is rejected and if the NCAA loses in court - for some, an expected outcome based on previous legal results.
The estimated $20 billion in damages would likely be payable “immediately” after final judgment and “not over 10 years,” the document notes — a reality that would, in all likelihood, result in the NCAA and leagues filing bankruptcy. While bankruptcy may temporarily derail the active antitrust cases, it would move litigation to a bankruptcy judge for a decision, would require restructuring of a new model and would open schools to new direct claims from plaintiff attorneys."
So, it is likely that by the end of next week, that we will see schools/conferences start to agree to the settlement.
Lots of details to be filled in, even with the settlement.
Again read the whole article.
** Edited by PadrosWindup at 5/14/2024, 8:06:13 PM
Link:
Ross the Boss
13 Replies
2y
The last sentence:
"Industry leaders describe the next two weeks as, perhaps, the most consequential in college athletics history, laying out a timeline for potential ratification of a deal as soon as next week."
I agree.
Your average fan is focused on NIL and conference realignment and is completely unaware of what's going on with the House (et al) vs. the NCAA suits and what the far-ranging effects of the settlement will be. Crazy times. But at least, once the suit(s) is(are) settled, there will be *some* clarity moving forward.
(In response to this post by PadrosWindup)
2y
for reparations of "past harms".
(In response to this post by Will Stewart)
2y
Overnight, $20-$25 million per year in each athletic department will suddenly be going somewhere else (to the athletes, haha).
Budget slashing on the level of what we saw during COVID will have to take place at each school. I think that in some ways, the student-athlete experience will get worse, in the areas of academic support, counseling, and maybe even injury treatment and rehabilitation. Travel budgets will be slashed. A lot of support staffers are about to be let go, both in a general sense and sport-specific.
** Edited by Will Stewart at 5/16/2024, 9:16:30 AM
(In response to this post by ancient alien 2018)
In many ways it will be like going back in time for the athletic department
which, for me, is like going back to the early 70s. And it was still football and basketball and it was still fun.
The infrastructure exploded as the money exploded. And none of that really added to the fan experience. Just enjoy it for what it is. Sports entertainment.
(In response to this post by Will Stewart)
2y
... would slowly begin to be reined in.
(In response to this post by Will Stewart)
2y
Guess I need to post that Syracuse and Wake Forest already have silently verbally to the SEC to drive interest.
(In response to this post by Will Stewart)
2y
And it is a bit of the psychic numbing effect. People can emotionally relate to a small incident affecting 20 people, but can more easily move past a large incident that affects thousands or millions.
I get the same sense with this. We can relate to stories impacting VT or the whole ACC. But something that impacts the entire NCAA with potentially massive ramifications…that’s hard to grasp onto. Just speaking for myself, all I can do is watch the train wreck in slow motion and wait to see what happens.
(In response to this post by PadrosWindup)
2y
Dellenger is doing incredible, informative work, but it doesn't draw much conversation here. Basement YouTubers do, though.
(In response to this post by PadrosWindup)
2y
Today there are myriad prohibitions in our lives. If the government changes course, are we all able to sue for lost wages? I legitimately don’t understand how former athletes, en masse are eligible for a settlement. It makes no sense.
I am sure there are lawyers here. Can someone explain this to me, please.
(In response to this post by PadrosWindup)
R
RUHokie
2y
left out. Do we go back to the days of Michael Vick? If anyone deserves some coin from VT it would be him since he catapulted VT football to stardom and the school made a ton of money off the #7 jersey. Do we go back to Cornell Brown, the start of the glory days of the Beamer era and when the athletic department probably starting making real money? Do we go back to Bruce Smith? Does Carrol Dale deserve some loot or how bout the descendants of Hunter Carpenter, VT's first football star? Seems so arbitrary.
And, how many schools can afford to pay? I'm sure some athletic departments will go broke during this deal.
(In response to this post by VTownie)
2y
They should receive retroactive pay. Seems like the same argument.
(In response to this post by VTownie)
2y
the reasons you mentioned. Just need to get to the final "system" sooner rather than later
(In response to this post by VTownie)