24
May
Big 12 presidents and chancellors voted to approve proposals of what is expected to be a multi-billion dollar settlement in the House v. NCAA class-action lawsuit Tuesday, a source briefed on the decision confirmed to The Athletic. Their approval is another step toward a resolution in the landmark case likely to reshape the college sports business model.The Big 12 is the first of the suit’s defendants to vote on the settlement terms, with the remaining power conferences and NCAA Board of Governors also expected to do so this week. It’s expected the settlement will cost them nearly $3 billion in damages and allow…