House Settlement Hearing - April 7, 2025

[Wrestleknownothing]

Today is the next hearing in the proposed House Settlement.

If approved:

Damages - the settlement allows for $2.8 billion in damages to be paid to former athletes from 2016 to present. 95% of that will go to football, men's basketball, and women's basketball. Only 5% is earmarked for Olympic and non-revenue sports. This is funded by the NCAA insurance and withholding revenue from the men's basketball tournament. Effectively the Power 5 will pay 40% and other conferences will pay 60%. There may be some legal action over that split.

Direct payments to athletes - initially capped at $20.5 million, there is no minimum. To pay athletes schools must opt in to the settlement. Power 5 schools are required to opt in, everyone else is optional.

Roster limits - will replace scholarship limits for schools opting in. For wrestling the limit is 30. If subject to a roster limit, schools can give out as many scholarships as they choose/can fund.

NIL - national guidelines will be put in place mandating reporting to a clearinghouse and approval of any deals greater than $600 to ensure they reflect fair market value.

Enforcement - the Power 5 schools will create an enforcement mechanism, meaning it will no longer be up to the NCAA. The NCAA will only be in charge of eligibility rules, playing and administrative rules, and running championships. Deloitte has been contracted to make fair value assessments of proposed deals.

[GimJustafan]

as always thank you for the info 

[ionel]

41 minutes ago, Wrestleknownothing said:

 

NIL - national guidelines will be put in place mandating reporting to a clearinghouse and approval of any deals greater than $600 to ensure they reflect fair market value.

Enforcement - the Power 5 schools will create an enforcement mechanism, 

$600?

So what about non Power 5 enforcement?

Can a nP5 opt in for some sports and out for others? 

[Wrestleknownothing]

5 minutes ago, ionel said:

$600?

So what about non Power 5 enforcement?

Can a nP5 opt in for some sports and out for others? 

The non-Power 5 schools will also be monitored by the same body as the P5.

No, if you pay a single athlete then you are effectively an opt in. It is an annual decision, though. So a team that opts in one year can opt out the next.

[Mr. PeanutButter]

30 scholarships? Hot damn. Wonder how many schools can even afford that. Of course, NIL can make that moot for many

[ionel]

2 minutes ago, Mr. PeanutButter said:

30 scholarships? Hot damn. Wonder how many schools can even afford that. Of course, NIL can make that moot for many

Someone do the math, only 5% of money going to Olympic a non-revenue sports.  What's that mean for 30 wrestlers?  

[Show_Me]

3 hours ago, Wrestleknownothing said:

Direct payments to athletes - initially capped at $20.5 million, there is no minimum. To pay athletes schools must opt in to the settlement. Power 5 schools are required to opt in, everyone else is optional.

Roster limits - will replace scholarship limits for schools opting in. For wrestling the limit is 30. If subject to a roster limit, schools can give out as many scholarships as they choose/can fund.

NIL - national guidelines will be put in place mandating reporting to a clearinghouse and approval of any deals greater than $600 to ensure they reflect fair market value.

Enforcement - the Power 5 schools will create an enforcement mechanism, meaning it will no longer be up to the NCAA. The NCAA will only be in charge of eligibility rules, playing and administrative rules, and running championships. Deloitte has been contracted to make fair value assessments of proposed deals.

In your opinion, how many of the 70+ D1 Wrestling Programs opt IN ?

Will the National Tourney only include opt ins ?  If so, what do the opt outs do for post season ?

Let’s say only 5 of the Big 12 Wrestling Programs opt in, do you only schedule those teams in consideration of Allocation Criteria ?

[Wrestleknownothing]

22 minutes ago, Show_Me said:

In your opinion, how many of the 70+ D1 Wrestling Programs opt IN ?

Will the National Tourney only include opt ins ?  If so, what do the opt outs do for post season ?

Let’s say only 5 of the Big 12 Wrestling Programs opt in, do you only schedule those teams in consideration of Allocation Criteria ?

All of the ACC, Big 10, Big 12, and Pac 12 schools are automatically opted in. That is something like 25 schools. The Ivies (6 schools) have said they will opt out. I am not aware of what the other schools have said.

The settlement does not impact D1 membership or access to D1 championships.

[CHROMEBIRD]

P4 also proposed a carve-out so that a third-party entity (an LLC that they create and control) will administer the rules, limits, reporting, and investigations around payments to athletes, including NIL collectives. Probably their way of getting in front of Baker's Project D1 and proposing their own governance model if/when a new NCAA subdivision is created. 

[MPhillips]

3 hours ago, ionel said:

only 5% of money going to Olympic a non-revenue sports.

5% split between all of the Olympic sports...

[Pablo]

8 minutes ago, MPhillips said:

5% split between all of the Olympic sports...

There are 340 D1 volleyball teams and a lot (maybe not quite as many) softball teams that would be part of this, for example.

 

 

[MPhillips]

Just now, Pablo said:

There are 340 D1 volleyball teams and a lot (maybe not quite as many) softball teams that would be part of this, for example.

 

 

Yes there are. That was my point...

[Wrestleknownothing]

12 minutes ago, MPhillips said:

5% split between all of the Olympic sports...

yep. and 5% may be optimistic. and the damage payments are made over 10 years. and it covers athletes who were in those sports from 2016 to 2025.

[ionel]

8 minutes ago, Wrestleknownothing said:

yep. and 5% may be optimistic. and the damage payments are made over 10 years. and it covers athletes who were in those sports from 2016 to 2025.

... so maybe a nickel or two per year or is it the full $600 mentioned?  

[Wrestleknownothing]

Just now, ionel said:

... so maybe a nickel or two per year or is it the full $600 mentioned?  

The $600 is a different pot

[ionel]

4 minutes ago, Wrestleknownothing said:

The $600 is a different pot

So we are back to two nickels or a dime ... maybe.  

[Wrestleknownothing]

 

 

[Wrestleknownothing]

 

 

[Wrestleknownothing]

Former Villanova basketball player Kris Jenkins has opted out of the settlement and filed his own lawsuit against the Power 5, Big East, and NCAA. His suit claims that videos of him hitting the game winner in the 2016 NCAA final is the first and third most viewed video on the NCAA's March Madness Youtube page.

[ionel]

11 minutes ago, Wrestleknownothing said:

Former Villanova basketball player Kris Jenkins has ...

Never heard of him but then I'm not into that round ball thing.  

Edited April 7 by ionel

[ionel]

I'm betting this whole thing is a bust.  Who wants in on the action?  

Edited April 7 by ionel

[Wrestleknownothing]

1 minute ago, ionel said:

Never heard of him but then I'm not into that round ball thing.  

My dad, my daughter, and my money all went to Villanova, so I am very familiar. He went nowhere in the pros, so you would have to be a college basketball fan to know him. There are a lot of college basketball fans and "The Shot" is pretty iconic and videos of it from the NCAA are loaded with ads.

 

[ionel]

1 minute ago, Wrestleknownothing said:

 "The Shot" is pretty iconic and videos of it from the NCAA are loaded with ads.

Pretty sure you are infringing on @Interviewed_at_Weehawken' IL, copyright etc.  You should be recieving a call from his attorney forthwith.  

[Fletcher]

Judge is now questioning whether the roster caps should be phased in and current athletes on rosters can be grandfathered/exempt from the cap.

[BAC]

1 hour ago, Wrestleknownothing said:

 

 

Curiously, as soon as Livvy finished testifying and left, the packed crowd thinned out to just 4 or 5 court watchers.