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NCAA to allow Power 5 conferences to pay players in unprecedented agreement: report

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For the first time in the history of college sports, the NCAA has agreed to allow the five power conferences to directly pay players, per ESPN. 

ESPN learned that the NCAA and the conferences are planning to move forward with a “multibillion-dollar agreement to settle three pending federal antitrust cases,” where the organization will “pay more than $2.7 billion in damages over 10 years to past and current athletes.”

They have also reportedly been an agreement on a revenue-sharing plan, which would allow each school to share up to around $20 million per year with athletes. 

This is a developing story. More to come.

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