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Yahoo
24-04-2025
- Business
- Yahoo
What's in South Dakota's settlement with the NCAA
SIOUX FALLS, S.D. (KELO) – A settlement has been reached in a lawsuit between South Dakota and the NCAA that reduces the amount of money Division 1 schools will have to pay towards a different proposed settlement — but that's not all it ensures. We've been following this case since September, when Attorney General Marty Jackley and the Board of Regents filed the lawsuit on behalf of SDSU and USD. Their filing came after the NCAA reached a proposed settlement with the 'Power Four' conferences that contemplated a $2.8 billion payment to past and present athletes. EMS to expand to Davison and Hanson counties $1.6 billion of that amount would be withheld from NCAA disbursements to the schools over the next 10 years, 60% of which would come from non-power 4 conferences like the Summit League. Jackley believes that it would've been an unfair burden on the smaller schools such as USD and SDSU. But now, because of South Dakota's settlement with the NCAA, that burden has been reduced by 33%. For Jackley, the lawsuit against the NCAA wasn't just about reducing the financial burden on smaller Division 1 schools, though. It was also about bringing more recognition to women in sports. That's why a Women's Basketball Performance Fund will be created through this settlement. 'We've seen here in South Dakota the success of our women's basketball programs. We've seen the crowds that come to the Summit League in Sioux Falls,' Jackley said. 'So we felt that there needed to be added recognition and dollars to those female athletes. The performance fund is going to allow, at entry-level, those schools that are in the tournament to receive something and as they progress through the tournament, they will receive additional funding for those athletes.' Another aspect of this settlement is that the NCAA has committed to discussing hosting future events in South Dakota. Jackley says last year's Summit League tournament brought in roughly $10 million to the state. 'We're a great host. Obviously, we have a welcoming city,' Jackley said. 'We have strong teams in SDSU and USD. We make sense.' Jackley thanks the NCAA for the recognition it's now given to athletes. 'They gave credit to our smaller schools financially as well as with the hosting of the Summit League,' Jackley said. 'These are important things and, in my mind, made sense for South Dakota and, most importantly our student athletes in South Dakota.' The original $2.8 billion proposed settlement is related to Name, Image and Likeness, or NIL, money that can be earned by college student athletes. The NCAA and it's largest conferences approved that settlement in May but a federal judge is still considering it. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
23-04-2025
- Business
- Yahoo
South Dakota wins concessions for itself and for universities nationwide in settlement with NCAA
South Dakota Attorney General Marty Jackley speaks during a press conference following the end of a three-day trial on April 4, 2025, in Pierre. Behind him, from left, are South Dakota Division of Criminal Investigation agent Trevor Swanson, prosecutor Nolan Welker and Division of Criminal Investigation agent Matt Glenn. (Joshua Haiar/South Dakota Searchlight) South Dakota won special terms for itself and financial concessions for universities across the country while settling a lawsuit against the National Collegiate Athletic Association, according to a Wednesday announcement from state Attorney General Marty Jackley. The NCAA is the governing body for the highest level of college athletics. Jackley and the South Dakota Board of Regents sued the NCAA last year. The lawsuit alleged that a proposed $2.8 billion nationwide agreement to compensate athletes for their past participation in Division I sports would disproportionately burden smaller Division I schools, including South Dakota State University and the University of South Dakota. Jackley said Wednesday in a news release that the NCAA will use a budget surplus of $55 million to reduce the amount of money that athletic conferences will have to pay toward the proposed athlete compensation agreement. The reduction will occur during the first year of the proposed decade of payments from conferences. South Dakota Board of Regents sues NCAA over proposed athlete pay settlement The NCAA, in a separate news release, said the surplus is available because 'the national office surpassed financial goals for the fiscal year.' The NCAA's release does not mention South Dakota's lawsuit but says the decision to reduce the financial burden on member schools was made 'in consultation with South Dakota Attorney General Marty Jackley.' A copy of the settlement terms, provided by the Attorney General's Office, shows that the NCAA agreed to credit Jackley 'for his efforts in giving small schools and conferences relief.' Jackley said the settlement reduces by 33% the amount that universities will pay toward the first year of the proposed $2.8 billion athlete compensation agreement, saving approximately $2 million for the Summit League and the Missouri Valley Conference, which include the two South Dakota schools. 'This settlement is for and about our student athletes,' Jackley said in his release. The settlement also 'provides the attorney general an opportunity to work with the NCAA on future reductions and stipulates that funding of the newly created Women's Basketball Performance Fund remain intact with no reductions,' Jackley's news release said. The performance fund, created in January, rewards teams that advance to the Division I Women's Basketball Championship, similar to a previously existing arrangement for men's teams. In South Dakota-specific provisions, the settlement commits the NCAA president and select staff to meet with the presidents of SDSU, USD, the Summit League and Sioux Falls leaders to discuss 'NCAA issues currently impacting state schools and opportunities to host future NCAA championships in the state.' During that meeting, the settlement terms say, the NCAA president 'will acknowledge and credit the Summit League for the large attendance numbers the League has generated at the men's and women's basketball championships as a result of hosting the events in South Dakota.' The NCAA also agreed to pay the South Dakota Board of Regents $24,815 to reimburse it for expenses incurred during the litigation. The broader issue underlying the litigation is a 2021 U.S. Supreme Court ruling that the NCAA's prohibition on athlete compensation was a violation of antitrust laws. That led to a proposed $2.8 billion agreement last year to settle several class action lawsuits against the NCAA. In that litigation, athletes sued to recover back payment for their participation in college athletics. A federal judge in California is deciding whether to give final approval to the $2.8 billion agreement, known as the House v. NCAA settlement. The NCAA agreed to the following terms in its settlement with South Dakota, according to the text of communications provided by the state Attorney General's Office: The NCAA will credit the South Dakota Attorney General for his efforts in giving small schools and conferences relief when it announces the DI Board of Directors' decision to reduce the amount of revenue withheld from all Division I conferences needed to make the first of the ten annual payments to settle the House litigation. NCAA will make this public announcement the week of April 21. The NCAA will meet with the South Dakota Attorney General's Office to explore possible ways to minimize the impact on the State arising from the NCAA's future withholding of revenue to pay for the House settlement. The NCAA President and select staff will meet in-person with the presidents of SDSU and USD, the Summit League, and other Sioux Falls leaders within the next twelve (12) months to discuss NCAA issues currently impacting State schools and opportunities to host future NCAA championships in the State. During the meeting, the NCAA President will acknowledge and credit the Summit League for the large attendance numbers the League has generated at the men's and women's basketball championships as a result of hosting the events in South Dakota. Within thirty (30) days of dismissal of the Lawsuit, the NCAA will make a one-time payment to the South Dakota Board of Regents in the amount of $24,815 to reimburse expenses incurred by experts. Please also accept this as confirmation that the NCAA does not intend to use revenue from the newly created Women's Basketball Fund to pay for the House settlement.
