Big 12 Memo Sheds Light On Decision To Not Expand AAC Eyes "Power Six" Conference Moniker Big 12 Presidents Opt Against Expansion Big 12 Decision Angers Prospective Schools OSU Examines Dip In Attendance At Boone Pickens Florida-LSU Rescheduled For November Delany Stresses Importance Of East Coast Big 12 To Vote On Expansion Next Week Purdue Projects '17 Athletic Department Revenue Northwestern's Player Restrictions Ruled Unlawful
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).