The Board of Directors of Division I of the NCAA proposed on Monday by removing 153 long -standing rules of its manual, a decision which will allow schools to share financial advantages directly with the players – a stage expected towards a new era of amateurism in university athletics, but which remains subject to the approval of the house regulations.
The members of the Board of Directors of the NCAA met for about four hours on Monday and emerged with nine legislative changes offered, including the authorization for schools to provide direct financial payments to players, including for the use of their Nile. NCAA leaders aim to reshape the role of the organization and are about to make radical changes by July 1 if the regulations are approved. Schools have until June 15 to decide to opt to offer advantages that would be authorized as part of the regulation for the upcoming academic year.
The proposed legislation also includes specific list limits to sport and the authorization of full scholarships to all student -athletes on a declared list – a decision that the NCAA declared will double the scholarships available in female sports.
The proposed modifications would also be aligned with the regulations of the house planned in that it would allow the schools of Power 4 and others which choose to offer advantages linked to the regulations to provide up to $ 20.5 million in direct financial benefits to players. (All schools in division I will choose to operate in the new system activated by the regulations, because the Ivy League has chosen to withdraw and continue to operate under the current structure.)
The new Nile Clearinghouse and Enforcement Bras which aims to coexist with the expected conditions of settlement has also been included, as well as rules “intended to provide clarity and stability to the zero environment for all schools in division I”. To prevent schools from trying to bypass the $ 20.5 million ceiling, the NCAA proposed rules to help add stability and responsibility. All players will have to disclose their void agreements if they are greater than or equal to $ 600. The agreements between the player and a third outside his school will be examined.
The board of directors has also approved new rules that would create technological platforms for schools in order to monitor their payments to players and athletes to report their third -party agreements. There are also measures that players can take if a zero agreement is considered “outside the compensation range” developed by the external and independent exchange center.
An application group that will be created and exploited by the conferences of the defendants will aim “to ensure the monitoring of the rules relating to the terms of the regulation, including a third party Nile and the annual advantages”, according to the NCAA.
Players will always be allowed to hire agents for zero purposes, but NCAA will always use certain eligibility rules that have been used to “distinguish athletics from Division I from professional sports”, according to a document that sums up legislative changes. In order for athletes to receive these services, the NCAA will demand that they be registered full-time, meet the requirements of Division I Progress-Toward-Degree and obtain the benefits during their period of eligibility over five years.
