The National Collegiate Athletic Association and five top conferences are a “cartel” that generates billions of dollars in revenue and illegally caps the pay of student athletes, a group of football and basketball players claim in a lawsuit that seeks to reshape college sports.
Players unions for the National Football League and National Basketball Association could help top-level college athletes by offering them associate memberships, sports labor lawyer Jeffrey Kessler said.
Riche T. McKnight, a partner at the law firm of Winston & Strawn and a former executive director in the Morgan Stanley litigation department, is among the candidates to succeed ousted NBA Players Association chief Billy Hunter, two people with direct knowledge of the search said.
Dewey & LeBoeuf LLP, the defunct law firm, filed a list last night showing how much each of 444 former partners will pay in the proposed $71.5 million settlement. The hearing to approve the settlement began yesterday in U.S. Bankruptcy Court in Manhattan and continues today.