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Jim Donnan agrees to settlement

Updated: August 10, 2011, 1:55 PM ET
By John Barr | ESPN

ATHENS, Ga. -- Former University of Georgia football coach and ex-ESPN analyst Jim Donnan has reached a settlement agreement in his pending bankruptcy case that would have him return millions of dollars he made from an alleged Ponzi scheme, according to court documents.

Under the terms of the settlement filed Tuesday as part of Donnan's Georgia bankruptcy case, Donnan would pay $5.5 million to the creditors of West Virginia-based GLC Enterprises.

"At the end of the day, his [Donnan's] ...

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