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The SEC and Pac 12 conferences were the last ones to the party when it came to voting on the NCAA settlement that will change the landscape of collegiate athletics, but the agreement has now been approved by all parties. For the first time, colleges will now be allowed to pay athletes for their participation in sports.
The NCAA and the nation's five biggest conferences announced Thursday night that they have agreed to pay nearly $2.8 billion US to settle a host of antitrust claims, a monumental decision that sets the stage for a groundbreaking revenue-sharing model that could start directing millions of dollars directly to athletes as soon as the 2025 fall semester.
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The NCAA and its five power conferences have agreed to allow schools to directly pay players for the first time in the 100-plus-year history of college sports.
The NCAA and Big Ten Conference leadership approved a $2.8 billion settlement of antitrust claims Wednesday, moving college athletics closer to some of the most sweeping changes in its history.
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