USC football: Depositions canceled as Reggie Bush settles lawsuit brought by Lloyd Lake

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Scheduled depositions in a civil lawsuit against Reggie Bush were canceled Wednesday after the former USC running back reached an out-of-court settlement with the plaintiff.

Bush settled with would-be sports marketer Lloyd Lake, who was suing Bush for nearly $300,000, a source with knowledge of the situation confirmed. The source requested anonymity because the individual was not authorized to speak publicly. Yahoo! Sports, citing a source, reported the settlement Tuesday night.

Lake had claimed he provided Bush with cash and other benefits while the Heisman Trophy winner was playing for the Trojans in 2004 and 2005.

Michael Michaels, Lake’s former business partner, was scheduled to be deposed in San Diego on Wednesday, and Bush was scheduled to be deposed on Friday. Michaels had reached an out-of-court settlement with Bush in 2007, reportedly for $200,000 to $300,000.

The settlement with Lake ends the possibility of the NCAA reviewing transcripts of depositions.

The NCAA had requested copies of the depositions in the aftermath of USC’s appearance before the Committee on Infractions in February. USC is awaiting a ruling from the NCAA regarding possible sanctions related to allegations centered on Bush and former Trojans basketball player O.J. Mayo.The ruling is expected to be handed down late this month or in May.

-- Gary Klein