As part of the agreement, the NCAA will pay over $2.7 billion in damages to past and current athletes.
For the first time in the history of college sports, the NCAA and five power conferences—the ACC, Big Ten, Big 12, SEC and Pac-12—have agreed to allow schools to directly pay athletes.
"The five autonomy conferences and the NCAA agreeing to settlement terms is an important step in the continuing reform of college sports that will provide benefits to student-athletes and provide clarity in college athletics across all divisions for years to come," NCAA president Charlie Baker and the five power conferences commissioners said in a joint statement.
As part of the agreement, the NCAA reportedly will pay over $2.7 billion in damages to past and current athletes. Division I athletes dating back to 2016 are eligible to receive a share. Despite the landmark agreement, there is still a desire among collegiate power brokers for Congress to step in and pass federal legislation to supersede the various state laws that have passed in recent years regarding the payment of college athletes through name, image and likeness deals.
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