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NCAA APPROVES $54.5M SETTLEMENT IN RESTRICTED EARNINGS CASE
Published April 22, 1999
The NCAA Exec Committee has approved the recommended payment plan in the restricted earnings case settlement for $54.5M that will compensate coaches whose earnings were illegally restricted. The Exec Committee's action was to approve use of NCAA-wide reserves totalling $18.25M to help reduce the allocation of payment. The remaining $36.25M will be assumed by the Div. I member schools. Payments from these schools will range from about $80,000 for the smaller ones to around $200,000 for the larger ones (NCAA).