NCAA settlement chaos: New legal move could trigger massive increase in NIL spending

New York Yankees President Randy Levine, Vice Chair of 'Saving College Sports' Board, joins Brian Kilmeade to break down the 'Wild West' of college sports. Levine highlights the escalating issues of name, image, and likeness (NIL) deals, the chaotic transfer portal, and athlete eligibility impacting student-athletes. He details the financial strain on universities and President Trump's efforts to find legislative solutions, hoping for a bipartisan fix within 90 days.

Nine months after the House settlement was approved pertaining to a lawsuit against the NCAA, there is a massive wrinkle to the case that could potentially lead to further disarray around college athletics. 

Last June, after intense negotiations on a financial figure that would suit all parties involved, the NCAA agreed to pay $2.8 billion in back pay to former college athletes that sued because of their name, image and likeness being used by the organization. 

But, that was not the biggest piece of the perceived pie when it came to the future of college athletics. In that settlement, schools could begin paying athletes through what was thought of at the time as a salary cap, much like the NFL or NBA, of $20.5 million per academic year. 

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

Meaning, every school underneath the NCAA umbrella could essentially decide how they wanted to split up the $20 some-odd million that they were allowed to use towardspaying athletes. 

Each member institution had the opportunity to use that much, but plenty of schools decided they could not financially afford an extra $20 million on the books, leading them to spend a lesser amount compared to bigger conferences like the SEC, Big Ten, ACC or Big 12.

Head coach Steve