The Saga of the House Settlement

Deep Creek

Deep Creek

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I thought that old hairy dawg attorney @WhosYourDawggy had started a thread a long time ago about the House settlement. But my technomological skills couldn't find it easily and I got tired of scrolling though the threads. So here.

It appears there is some tension within the legal teams of the objectors and class counsel....and even the schools. I understand the reasoning in changing from scholarship limits to roster limits. What I don't understand is any resistance to grandfathering in those athletes that are already there. If you have 16 walk ons in football, allow the increase from 105 to 121 until such time those sixteen are done.

Roster Limit Rebellion: A Wrench in the House settlement

Maybe I'm missing something in this whole clusterfuck. Enlighten an old man.
 
Deep Creek said:
I thought that old hairy dawg attorney @WhosYourDawggy had started a thread a long time ago about the House settlement. But my technomological skills couldn't find it easily and I got tired of scrolling though the threads. So here.

It appears there is some tension within the legal teams of the objectors and class counsel....and even the schools. I understand the reasoning in changing from scholarship limits to roster limits. What I don't understand is any resistance to grandfathering in those athletes that are already there. If you have 16 walk ons in football, allow the increase from 105 to 121 until such time those sixteen are done.

Roster Limit Rebellion: A Wrench in the House settlement

Maybe I'm missing something in this whole clusterfuck. Enlighten an old man.
Click to expand...

House settlement & clusterfuck in the same thread.
Who woulda thought it?
 
TheReal_NU said:
House settlement & clusterfuck in the same thread.
Who woulda thought it?
Click to expand...
When it comes to things Congress, clusterfuck is an auto add-on.
Deep Creek said:
What I don't understand is any resistance to grandfathering in those athletes that are already there. If you have 16 walk ons in football, allow the increase from 105 to 121 until such time those sixteen are done.
Click to expand...
When it comes to things Congress, since when has logic had anything to do with anything?
 
Face it, guys. We live in a world where it's a shame that a house of God has to have a door with a lock on it. And money rules everything. When money gets involved with something, everything seems to go with it. The economy, government, order, morality, right and wrong – all sink into a greasy stew where you don’t know which parts are edible and which are poisonous.
 
some schools really thought this settlement was going to rein in NIL.. Not sure where people got the idea of how the NCAA/committee will be looking at third party NIL contracts into thinking they would be the ones to set market prices for players/positions.

We went from no more collectives to ADs doing tours (fund raising) giving speeches on how NIL collectives will be even more important in the future to fill in gaps after the $20M a year is spent.
 
Jon Deaux said:
When it comes to things Congress, clusterfuck is an auto add-on.

When it comes to things Congress, since when has logic had anything to do with anything?
Click to expand...
House settlement has nothing to do with Congress, FWIW.
 
Thiefery said:
some schools really thought this settlement was going to rein in NIL.. Not sure where people got the idea of how the NCAA/committee will be looking at third party NIL contracts into thinking they would be the ones to set market prices for players/positions.

We went from no more collectives to ADs doing tours (fund raising) giving speeches on how NIL collectives will be even more important in the future to fill in gaps after the $20M a year is spent.
Click to expand...
You misunderstand the settlement and the Clearinghouse concept.

- Revenue share (RevShare) lets the team decide how much a play is worth and then pay them. They have a limit of about $15 million. $20.5 million is the cap for all sports, and everyone thinks about 75% will go to football. No one cares how much a school spends on QB2, or a 9th IOL. That will be up to the schools, so long as they don't go over $20.5 million for all sports.

- The clearinghouse applies to NIL, not RevShare. The only limit on NIL is that the payment has some relation to real market values. So, you can't set up a booster who will give a $100,000 job to a TE if the clearinghouse determines the fair market value for someone doing that job is $10,000. Delloite is running the Clearinghouse, and while I have general disdain for large consulting groups, the one thing they have is a ton of brains and the ability to determine the fair value of NIL offers. They will be able to determine real NIL quickly, and prohibit pay-for-play NIL. It is designed to happen quickly, with minimal appeal rights also handled by people other than the NCAA.

- The Collective's role will be to find real NIL. That was what they were originally designed to do, and they quickly morphed into pay-for-play conduits. That will now be limited by the clearinghouse. I fully expect them to still ask for booster donations and have special greet and meets, signing days for members only, etc. So long as those are deemed market rate, that will work for the cheap players in the back of the room.

- What you didn't mention is that this will clearly be challenged in court. I am sure the drafts of complaints have already been written and they are just waiting on the final settlement language. If I had to bet, I'd bet it will get enjoined. But, this is a federal court created and approved process ... other courts will have some deference to the settlement.
 
WhosYourDawggy said:
House settlement has nothing to do with Congress, FWIW.
Click to expand...
Ok, that's fine. Now, take me back to the beginning as to how this started and how it became known as the House settlement.

Briefly .......... please.
 
Jon Deaux said:
Ok, that's fine. Now, take me back to the beginning as to how this started and how it became known as the House settlement.

Briefly .......... please.
Click to expand...
The NCAA has agreed to pay roughly $2.8 billion in damages to past and current athletes to settle three federal antitrust lawsuits that claim the association's rules have limited the athletes' earning potential in various ways. The deal, commonly referred to as the House settlement after lead plaintiff Grant House, also would create a new system for schools to pay players directly, starting this summer.
Click to expand...
​
​
 
WhosYourDawggy said:
You misunderstand the settlement and the Clearinghouse concept.

- Revenue share (RevShare) lets the team decide how much a play is worth and then pay them. They have a limit of about $15 million. $20.5 million is the cap for all sports, and everyone thinks about 75% will go to football. No one cares how much a school spends on QB2, or a 9th IOL. That will be up to the schools, so long as they don't go over $20.5 million for all sports.

- The clearinghouse applies to NIL, not RevShare. The only limit on NIL is that the payment has some relation to real market values. So, you can't set up a booster who will give a $100,000 job to a TE if the clearinghouse determines the fair market value for someone doing that job is $10,000. Delloite is running the Clearinghouse, and while I have general disdain for large consulting groups, the one thing they have is a ton of brains and the ability to determine the fair value of NIL offers. They will be able to determine real NIL quickly, and prohibit pay-for-play NIL. It is designed to happen quickly, with minimal appeal rights also handled by people other than the NCAA.

- The Collective's role will be to find real NIL. That was what they were originally designed to do, and they quickly morphed into pay-for-play conduits. That will now be limited by the clearinghouse. I fully expect them to still ask for booster donations and have special greet and meets, signing days for members only, etc. So long as those are deemed market rate, that will work for the cheap players in the back of the room.

- What you didn't mention is that this will clearly be challenged in court. I am sure the drafts of complaints have already been written and they are just waiting on the final settlement language. If I had to bet, I'd bet it will get enjoined. But, this is a federal court created and approved process ... other courts will have some deference to the settlement.
Click to expand...
So... we continue in this new era.. :)

Three Amigos Tequila GIF
 
Jon Deaux said:
Ok, that's fine. Now, take me back to the beginning as to how this started and how it became known as the House settlement.

Briefly .......... please.
Click to expand...
The federal lawsuit is House v. NCAA. It's a class action by past athletes suing the NCAA for past damages for not being able to get NIL. The settlement is for close to 3 billion dollars to be paid out to athletes who played after 2016, I believe, who claim they could have made NIL money, but weren't allowed to do so.

Per AI:

The settlement is a result of a class-action antitrust lawsuit filed in 2020 by Arizona State swimmer Grant House and University of Oregon basketball player Sedona Prince against the NCAA. They sought to challenge the NCAA's restrictions on compensation for student-athletes, particularly regarding Name, Image, and Likeness (NIL) rights.

The lawsuit, commonly referred to as the "House v. NCAA" settlement, was filed in the United States District Court for the Northern District of California. The case was assigned to Judge Claudia Ann Wilken, who previously ruled in favor of the plaintiffs in other NCAA antitrust cases.

The settlement involves a significant financial payout to eligible student-athletes and also includes changes to the NCAA's rules regarding NIL and revenue sharing. The settlement also includes back pay for student-athletes who played between 2016 and 2024.
 
WhosYourDawggy said:
The federal lawsuit is House v. NCAA. It's a class action by past athletes suing the NCAA for past damages for not being able to get NIL. The settlement is for close to 3 billion dollars to be paid out to athletes who played after 2016, I believe, who claim they could have made NIL money, but weren't allowed to do so.

Per AI:

The settlement is a result of a class-action antitrust lawsuit filed in 2020 by Arizona State swimmer Grant House and University of Oregon basketball player Sedona Prince against the NCAA. They sought to challenge the NCAA's restrictions on compensation for student-athletes, particularly regarding Name, Image, and Likeness (NIL) rights.

The lawsuit, commonly referred to as the "House v. NCAA" settlement, was filed in the United States District Court for the Northern District of California. The case was assigned to Judge Claudia Ann Wilken, who previously ruled in favor of the plaintiffs in other NCAA antitrust cases.

The settlement involves a significant financial payout to eligible student-athletes and also includes changes to the NCAA's rules regarding NIL and revenue sharing. The settlement also includes back pay for student-athletes who played between 2016 and 2024.
Click to expand...
The settlement also contains a clause that requires the plaintiff to lobby Congress on behalf of the NCAA for an anti-trust exemption for the NCAA.

Hard pass on that bullshit.
 
WhosYourDawggy said:
- What you didn't mention is that this will clearly be challenged in court. I am sure the drafts of complaints have already been written and they are just waiting on the final settlement language.
Click to expand...
Yep. I can’t see the “limits” going unchallenged…even if there is good fair market value data to support it. People have overpaid for things forever, including yours truly!
 
And here I thought they were just giving every star player a house now.
 
Deep Creek said:
Yep. I can’t see the “limits” going unchallenged…even if there is good fair market value data to support it. People have overpaid for things forever, including yours truly!
Click to expand...
I know, look at what we pay for this place ... oh, wait ....
 
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