The NCAA has settled the lawsuit with the attorneys general of Tennessee and Virginia and other states regarding its rules prohibiting name, image and likeness compensation for recruits.
Notice that a settlement has been reached in principle with a term sheet signed was filed Friday with the U.S. District Court for the Eastern District of Tennessee in Greeneville. A status report had been due Friday. The settlement will be finalized along with a request for a permanent injunction by March 17, according to the filing.
“The NCAA has reached a settlement that resolves the issues Tennessee and the other involved states raised without posing an obstacle to completing the House, Carter and Hubbard settlements,” the NCAA said via a release. “We anticipate full terms will be released later in the spring.”
Tennessee Attorney General Jonathan Skrmetti said they blocked the NCAA’s “unlawful enforcement” against Tennessee students and schools.
“Now this settlement in principle lays the groundwork for a permanent solution,” Skrmetti said in a release.