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Sports Business House Settlement Hearing News

AllNoles

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Nov 25, 2002
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For those interested, the preliminary approval hearing was last night in the House v. NCAA case. This is the class action in which the myriad athletes sued the NCAA for past anti trust violations. The plan was to pay billions in back pay based on some formulas (which sent almost all the money to football, then men and women's bball, then all other sports (I think the last group shares 5%). It also sought to control the system going forward, setting up revenue sharing and new NIL rules. These latter issues are clearly designed to continue breaking the law IMHO.

The judge seemed to have similar concerns. She did NOT approve it and told them to deal with those issues of controlling this in the future. The NCAA lawyers have said they may not be able to make a deal now, and at least one university president has already said the NCAA/schools should just go to trial and hope for the best.

Anyway, for now the case continues on as they try to see how they can set things up that the judge will approve. It looks entirely likely that the deal will have trouble if they want to keep the future stuff in there, and it sounds like that is a key component for the NCAA/schools (which I understand why they want it, but have no idea how they think it's legal).
 
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