I doubt anyone would consider it an admission of guilt...
I suppose you haven't glanced at the comments on the Bee page, then? The unholy cabal of haters of all things Kings have already tried and convicted Tyreke. To them, a settlement would be a clear confession of criminal guilt and an indictment of the entire American justice system. "He should be in prison, and the only reason he isn't is because he's rich and famous" - that will be the rallying cry. Never mind that the criminal trial has already occurred and Tyreke was never charged. Never mind that this is a civil case with all the hallmarks of a money grab - a settlement will only confirm what they already "know".
I guess what I'm saying is, don't overestimate the general public or its ability for rational and reflective thought.