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Sports Business Amelia Island Part I: House v NCAA will be "seismic shift" in collegiate athletics

JerryKutz

Ultimate Seminole Insider
Staff
May 3, 2022
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There was drama at the Spring ACC Meetings on Amelia Island and the ACC v The Florida State Board of Trustees and Clemson University wasn't the half of it.
On Monday, news broke that the UNC Board of Trustees were calling an emergency closed door meeting that UNC AD Bubba Cunningham had to leave the Island to attend as the trustees were concerned about the budget and concerns about the revenue gap between the ACC and the SEC and BIG 10. But the most dramatic news was a two-page document obtained by Yahoo Sports, the parent company of TheOsceola.com, that gave details on a proposed settlement with plaintiff attorneys, the NCAA and the Power 5 conferences to resolve three pending anti-trust cases the first of which is scheduled to go before the court in January of 2025. Based on the Supreme Court's most recent 9-0 lruling against the NCAA, legal experts believe the NCAA and Conferences should accept the settlement agreement, which will cost $2.66 billion in back compensation to student-athletes and as much as $30 million per year per school in shared revenues and expanded scholarship costs.

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There was drama at the Spring ACC Meetings on Amelia Island and the ACC v The Florida State Board of Trustees and Clemson University wasn't the half of it.
On Monday, news broke that the UNC Board of Trustees were calling an emergency closed door meeting that UNC AD Bubba Cunningham had to leave the Island to attend as the trustees were concerned about the budget and concerns about the revenue gap between the ACC and the SEC and BIG 10. But the most dramatic news was a two-page document obtained by Yahoo Sports, the parent company of TheOsceola.com, that gave details on a proposed settlement with plaintiff attorneys, the NCAA and the Power 5 conferences to resolve three pending anti-trust cases the first of which is scheduled to go before the court in January of 2025. Based on the Supreme Court's most recent 9-0 lruling against the NCAA, legal experts believe the NCAA and Conferences should accept the settlement agreement, which will cost $2.66 billion in back compensation to student-athletes and as much as $30 million per year per school in shared revenues and expanded scholarship costs.

This is premium content. Please subscribe to view.
 
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