Electronic Arts has budgeted $40 million to settle lawsuits brought by college football players against its NCAA Football series, which EA Sports canceled last month. The publisher reported the figure to investors today. Though the settlement has yet to be made public, the figure is consistent with rumors reported in…

EA Sports' former executive producer on NCAA Football testified that the game "generally tried to make the players perform as their real life counterparts, short of their name and likeness." EA and the NCAA are defendants in a potential class-action suit over the unauthorized use of college players' likenesses.