AMELIA ISLAND, Fla. — NCAA president Charlie Baker said Monday that he wouldn’t put a hard deadline on the organization’s decision to accept or reject a proposed settlement in House v. NCAA, a landmark lawsuit that is expected to fundamentally reshape the college sports business model.
With the caveat that settlement talks continue and could evolve, it appears likely that an agreement would include roughly $3 billion (over 10 years) in back-pay damages from the NCAA to Division I athletes who were not allowed to monetize their names, images and likenesses (NIL) prior to July 2021, as well as a new revenue sharing model with power-conference athletes that would begin as early as 2025. The Big Ten, SEC, ACC and Big 12 are also named defendants in this lawsuit.
As first reported by ESPN and confirmed by The Athletic, the amount of money to be shared with athletes annually by each school that chooses to opt into the revenue-sharing model is expected to be roughly $20 million. Lingering questions remain about compliance with Title IX and the ability to set up such a system without a collective bargaining agreement, but that is the general framework under which those on both sides of the lawsuit are working.
“There are a lot of meetings going on,” Baker said. “But my view…
