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JUDGE'S RULING INCREASES NCAA COACHES PAYOUT BY ANOTHER $7M
Published January 19, 1999
U.S. District Judge Kathryn Vratil has added "another" $7M "or so to the NCAA's crippling restricted-earnings verdict," according to Steve Rock of the K.C. STAR. Ruling on "post-trial motions," Vratil granted the plaintiffs' request for an "inflation adjustment" that adds nearly $5M to the total verdict. That, combined with the interest rates which "are growing at about" $300,000 a month, puts the NCAA total at more than $74M it owes to around 2,000 coaches in the suit. Vratil "also rejected more than 100 pages of the NCAA's post-trial motions, including one for a new trial." The NCAA will now likely appeal to the 10th Circuit Court of Appeals in CO. A settlement seems "unlikely," as lawyers for the coaches say they "haven't heard" from the NCAA in "months" (K.C. STAR, 1/17).