A potential multibillion-dollar settlement of an antitrust lawsuit cleared the second of a three-step NCAA approval process Tuesday, with no change to a payment structure that would have the 27 college conferences not named in the suit cover the majority of a $1.6 billion portion of the damages. The Division I Board of Directors voted to move forward on a proposed $2.77 billion settlement of House vs. NCAA, according to two people who had been briefed on the vote. The people spoke to The Associated Press on condition of anonymity because the NCAA was not making public internal discussions related to the settlement. The Big 12 and Atlantic Coast Conference presidential boards also voted to approve the proposal, which would create a revenue-sharing system with college athletes.
Big 12 and SEC first conferences to approve NCAA proposal
