G5 Playoff
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....Documents specify, perhaps for the first time in writing, the total amount in back damages owed to athletes for the use of their name, image and likeness (NIL) before the NCAA lifted NIL prohibitions in 2021.
The amount is $2.776 billion.
The NCAA is responsible for paying the amount over a 10-year period, roughly $277 million annually. About 60% of that will come from a reduction in distribution to its schools. The NCAA is responsible for closing the 40% gap through other means, such as reserves, other net incomes and a significant reduction in operating expenses of as much as $18 million annually......
The amount is $2.776 billion.
The NCAA is responsible for paying the amount over a 10-year period, roughly $277 million annually. About 60% of that will come from a reduction in distribution to its schools. The NCAA is responsible for closing the 40% gap through other means, such as reserves, other net incomes and a significant reduction in operating expenses of as much as $18 million annually......
Docs: NCAA could face $20B in damages, bankruptcy if proposed settlement offer isn't agreed upon
The potential settlement is believed to be in its final stages of adoption and consists of back pay, a new compensation model and an overhaul of the NCAA scholarship system.
sports.yahoo.com