Alabama Football Program Nets $47M-Plus Profit Texas A&M Athletic Department Makes $57.2M In '15-16 N.C. Still In Limbo As ACC Championship Host Site Washington State Athletic Deficit Shrinking LSU Athletics Turns $12M Profit In '15-16 Sources: BC Wasn't Going To Renew Bates' Contract Kentucky Increases Price For Football Season Tickets Florida AD Stricklin Puts Twitter To Good Use Schools Increasingly Rely On Private Plane Use Boston College AD Bates Resigns To Take CSA Job
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).