Overview

• NCAA's proposed $2.77 billion settlement has passed the first approval step without altering the finance plan.
• Big 12 conference unanimously approved the settlement; other Power Five conferences to vote this week.
• The settlement addresses back pay for athletes denied Name, Image, and Likeness (NIL) compensation since 2016.
• Funding involves a complex revenue-sharing plan burdening non-Power Five conferences disproportionately.
• Concerns arise over the financial impact on smaller conferences and the future of college sports.