The NCAA has “agreed to pay” $303M to settle a class action antitrust lawsuit representing “about 7,700 volunteer college coaches who alleged the organization engaged in illegal wage fixing under a rule that prohibited schools from paying them.” The proposed settlement is “awaiting approval” by Judge William B. Shubb in the U.S. District Court for the Eastern District of California. On average, a coach from the settlement “would receive about $39,200 before expenses and fees, based on the school, sport and years worked.” NCAA President Charlie Baker addressed the settlement in a memo sent to members yesterday, noting that the dispute is “one of the largest remaining lawsuits we face and resolving it provides certainty and clarity for the association and our members.” He noted that the settlement “will be funded by the Division I membership and the national office, and payments likely wouldn’t start until after next summer” (ESPN.com, 11/11).
NCAA agrees to settle antitrust lawsuit by volunteer coaches
