The settlement was finalized late last year, Mr. Manly said, after Mr. Schmidt reached a $1.75 million settlement with Onyx Ice Arena in Rochester, Mich., where Mr. Schmidt said Mr. Callaghan had abused him.
Mr. Callaghan has long denied any wrongdoing. He and lawyers who have represented him did not immediately respond to messages.
Mr. Callaghan was best known for coaching Tara Lipinski to a gold medal at the 1998 Winter Olympics and for coaching Todd Eldredge to a world championship, six United States titles and three Olympic appearances.
In 1999, Craig Maurizi, a prominent coach and former student of Mr. Callaghan’s, told The New York Times that Mr. Callaghan had begun abusing him when he was 15. Two other skaters also accused Mr. Callaghan of inappropriate behavior in the Times article.
In August 2019, Mr. Callaghan was permanently barred from figure skating by the U.S. Center for SafeSport, a nonprofit organization created to track and investigate the abuse of athletes.
The ban came after Mr. Maurizi filed a lawsuit in Federal District Court in Buffalo that accused Mr. Callaghan of abuse and accused U.S. Figure Skating of not doing enough to stop it. Mr. Maurizi’s lawsuit is pending, according to his lawyer, Ilene Jaroslaw.
Ms. Jaroslaw said that while the settlement with Mr. Schmidt did not directly affect Mr. Maurizi’s case, “it reflects that U.S. Figure Skating understands that they abdicated their responsibility to protect young skaters.”
Jeré Longman contributed reporting, and Jack Begg contributed research.