Judge Pauses Landmark $2.75B NCAA Settlement Proposal, Parties to Hash Out More Details
"This provision was carefully negotiated. It is a central part of the deal, and without it, I am not sure there will be a settlement to submit," Rakesh Kilaru, a partner with Wilkinson Stekloff and counsel to the NCAA, said.
September 06, 2024 at 04:13 PM
6 minute read
The original version of this story was published on Law.com
A landmark $2.75 billion NCAA settlement proposal hit a snag Thursday when a federal judge in California tasked attorneys with Hagens Berman Sobol Shapiro, Winston & Strawn, and Wilkinson Stekloff with revisiting the terms of what third-party collectives, or boosters, would look like for college sports in a post-settlement era.
The move potentially puts the antitrust settlement in House v. NCAA at risk after an agreement was reached in May between student-athletes, the National Collegiate Athletics Association, and five conferences, including: the Big Ten, Southeastern Conference, Pac-12, Big 12, and Atlantic Coast Conference. The agreement, which also applied to two other cases in the U.S. District Court for the Northern District of California, would allow for student-athletes to be paid for the use of their name, image, and likeness.
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