The settlement being considered would have the NCAA paying about $2.9 billion in damages. Schools in the Atlantic Coast Conference, Big Ten, Big 12 and Southeastern Conference would agree to commit about $300 million each over 10 years, most of which would be redirected to current athletes.
The settlement would create a revenue-sharing system that would allow — but not require — each school to share about 22% of athletics revenue per year with all athletes, with a possible cap of about $25 million — though that number would rise as revenue increased. The plan is similar to revenue sharing in professional sports leagues, though those athletes collectively bargain through a union.