NCAA could face $20B in damages, bankruptcy if settlement offer not accepted

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May 15, 2024

By Ross Dellenger, Yahoo Sports: If they reject a proposed settlement offer, officials from the NCAA and power conferences stand to face a catastrophic $20 billion in back damages as well as risking a bankruptcy filing, according to documents obtained by Yahoo Sports.

The two-page document was circulated among power conference presidents and administrators on Tuesday as ACC leaders met at their annual spring meetings in Florida.

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Docs: NCAA could face $20B in damages, bankruptcy if proposed settlement offer isn't agreed upon

The potential settlement is believed to be in its final stages of adoption and consists of back pay, a new compensation model and an overhaul of the NCAA scholarship system.

Yahoo Sports

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