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NCAA Creates Fund For Athletes In Attempt To Settle Portion Of Lawsuit

The NCAA and 11 Division I conferences "agreed to create" a nearly $208.7M fund for the benefit of current and former D-I basketball and FBS student-athletes, settling the "monetary claims portion" of a grant-in-aid class-action lawsuit. The settlement, announced in a Friday statement, will be "funded entirely from NCAA reserves, and no conference or member schools will be required to contribute." The settlement is "subject to approval by the court and will award class members money up to, but not exceeding, their full cost of attendance" (NCAA.org, 2/3).

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