NCAA, college leaders close to finalizing settlement with plaintiff’s attorneys in landmark antitrust cases

Plaintiff’s attorneys are targeting next week to file with the court the long-form agreement in the NCAA’s landmark settlement of the House, Hubbard and Carter antitrust cases, they tell Yahoo Sports.

However, college athletic leaders from the four power conferences and NCAA are working through finalizing edits to the long-form document, a process that could delay the expected filing date next week and result in an extension from the court.

“We’re waiting for their final comments. We are hoping to file by the end of next week,” Jeffrey Kessler, one of the lead plaintiff’s attorneys in the case, told Yahoo Sports on Tuesday.

Plaintiff’s attorneys sent the long-form document to college leaders earlier this summer in what lawyers describe as a normal process for any settlement. Plaintiff’s attorneys are expected to review any changes from conference and NCAA officials before filing with the court.

The changes are not expected to be significant. Kessler described the long-form agreement as a formalization of the term sheet that the parties agreed to in May, and there are little to no looming issues, he said.

However, there are many looming issues regarding the future revenue-sharing model coming to college athletics, such as roster sizes by sport, a new third-party enforcement arm and the exact revenue cap figure. These items are not necessary to completing the long-form agreement, Kessler said, and are “internal issues” that conference leaders must determine themselves.

For instance, while the agreement prohibits scholarship caps for sports, it permits roster limits but does not specify the limits. The same goes for the enforcement arm and the revenue cap figure: The agreement is for the broader concept and not specifics.

The NCAA and college athletic leaders are working toward a settlement of several…

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Author : Yahoo Sports

Publish date : 2024-07-10 17:16:48

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