Alabama Praised For Hiring Greg Byrne As AD Fulmer A Candidate For Tennessee AD? Cal Fans Blame Poor Ticket Sales On Late Games Length Of College Football Game Up From '10 Social Company SM2 Training College Athletes Greg Byrne To Be Next Alabama AD Kiffin Hire Already Helping FAU Ticket Sales NCAA Looks To Improve Tourney Selection Process California Baptist Begins Process Of Moving To D-I UT Finishes '15-16 Academic Year With $6.5M Surplus
NCAA RESTRICTED EARNINGS A HOT TOPIC AT S.A. CONVENTION
Published January 12, 1999
The NCAA is still attempting to "settle pending litigation concerning restricted-earnings coaches," a suit the organization lost which awarded $67M in damages to former coaches who fell into the "now defunct" category, according to Tim Griffin of the SAN ANTONIO EXPRESS-NEWS. At the NCAA Convention in San Antonio, Penn State Univ. President Graham Spanier said, "The NCAA is healthy and continues to be solvent and will get through this. But there is no question that legal fees and the potential for settlement cost of this lawsuit pose a significant challenge to all of us." Griffin writes that the "looming payment" could reach up to $80M. The plaintiffs told the NCAA that "they prefer the settlement in one payment, rather than disbursed over several years," meaning the organization "probably would have to borrow if a lump-sum payment is figured." NCAA Gen. Counsel Elisa Cole said that the organization continues to negotiate an out-of-court settlement (EXPRESS-NEWS, 1/12). Among ways to pay include a "flat fee, divided equally among" the Div. I members, and a "weighted assessment that would have some member schools paying more than others" (DALLAS MORNING NEWS, 1/12).