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If the case were to go to trial - set for
January 2025 -- and the plaintiffs win, the NCAA and its schools
could have to shell out more than $4 billion in damages.
NCAA president Charlie Baker, NCAA lawyers, the plaintiffs'
attorneys have been meeting with the power conference
commissioners and their general counsels in the Dallas area,
with talks ramping up of late, per the report.
Per the report, more information regarding a possible settlement
is expected to be released soon, though no deal is close to
completion. The settlement - which could cost the NCAA billions
in back pay for former athletes -- could be the foundation for
the NCAA sharing revenue with athletes in the future.
Although it has not been settled, the top-end revenue share
amount per school would be around $20 million every year.
Another issue the NCAA faces is college athletes aiming to be
viewed as employees and allowing them to unionize, with the
National Labor Relations Board reviewing a pair of cases.
While NCAA leaders are against athletes becoming employees,
Baker has looked into methods to provide more revenue to
athletes at some schools. In December, he proposed a subdivision
of the richest programs to pay $30,000 per year to half their
athletes or more.
The NCAA wants Congress to enact a clause specifying that
college athletes aren't employees, but there hasn't been much
progress on that front. A multi-billion settlement toward
revenue sharing with athletes may lead Congress to help govern
college sports.
--Field Level Media
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