“NCAA could pay more than $2.7B to settle NIL antitrust suit, sources say”

Zenophile

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Oct 7, 2021
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Got-thisness galore.
Surely it’s all just a misunderstanding.
 

Countrylion

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Oct 30, 2021
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Got-thisness galore.
Well that is less than the at least $4 billion they were looking at.
 

blion72

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This is what we're up against.
who is the NCAA other than an entity of the university member schools? What happens if the ncaa did not have money in the bank to pay a settlement? does it just liquidate or could the university member schools need to cover the cost?
 

leinbacker

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who is the NCAA other than an entity of the university member schools? What happens if the ncaa did not have money in the bank to pay a settlement? does it just liquidate or could the university member schools need to cover the cost?
Penn State will have to sell the Art Museum to pay its share
 

blion72

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Penn State will have to sell the Art Museum to pay its share
presumably the legal structure would shield the member schools from liability like an LLC would in a small company. The owners are shielded from many liabilities of the LLC. during the sanctions against us, there were some people on this forum who explained our inability to bring a lawsuit against the NCAA and how the schools are part of the story. I don't recall how the NCAA was structure with the schools.

It does appear on all fronts the lawsuits today are challenging the ability for the schools to group to together and create agreements that govern the schools and student-athletes. The basis for every lawsuit has been anti-trust, so whoever is going to govern college sports is going to either need to get anti-trust immunity from congress or just create a sub-group (i.e. BIG+SEC) so there would be competition from other organizations and the anti-trust argument would be much harder to stick.
 

psuro

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Pro sports look better everyday
No Way Do Not Want GIF by Schitt's Creek
 
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GrimReaper

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who is the NCAA other than an entity of the university member schools? What happens if the ncaa did not have money in the bank to pay a settlement? does it just liquidate or could the university member schools need to cover the cost?
It won't be a problem. Monies will be paid out over ten years. Schools will receive reduced distributions from the NCAA, (if they are not eliminated entirely which amount to a drop in the bucket to begin with.
 
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blion72

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It won't be a problem. Monies will be paid out over ten years. Schools will receive reduced distributions from the NCAA, (if they are not eliminated entirely which amount to a drop in the bucket to begin with.
if the NCAA would lose this, which implies they have no legal basis for enforcement of their rules, does that mean we can recover past sanctions against us as restitution and get all the fines returned?
 
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Midnighter

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Settlement update - would include back pay/damages, compensation pool, scholarship/roster restructuring.

 

GrimReaper

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If PSU "shares" $21mm with its athletes the Athletic Department is underwater, and it will have plenty of company.
 

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