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USA Gymnastics expects to pay $75 million to $150 million to victims of Larry Nassar

A major overhaul is needed at USA Gymnastics because nothing else has worked. USA TODAY Sports' Nancy Armour explains how they got here. USA TODAY

USA Gymnastics expects to pay between $75 million and $150 million to victims of Larry Nassar’s sexual abuse, according to financial statements it released Thursday.

USAG has been in mediation talks with Nassar’s victims since the spring. In May, Michigan State University agreed to pay $500 million in settlements to more than 330 women who were victims of Nassar’s abuse.

Approximately 220 gymnasts who say Nassar abused them have filed suit in Michigan and California, naming USAG as a defendant.