NCAA Leadership Closing In On Multibillion-Dollar Settlement In House v. NCAA Case [Video]

College sports leaders have made significant progress in talks to reach a legal settlement in the class-action lawsuit spearheaded by former Arizona State swimmer Grant House.

The House v. NCAA case, which was opened in 2020, argues that the NCAA and its Power Five conferences are breaking federal law by placing restrictions on how student-athletes make money from selling rights to their name, image and likeness (NIL).

College sports leaders are currently in “deep discussions” to reach a settlement that would likely lay out the framework for a revenue-sharing agreement with athletes under a future NCAA business model, according to ESPN.

Talks about settling have been ongoing, but significant progress was reportedly made last week when the Power Five conference commissioners, their general counsels, NCAA president Charlie Baker, NCAA lawyers and the plaintiffs’ attorneys met in Dallas.

If House were to win the case, the NCAA and its schools could be liable for up to …