Moving forward, the Board of Governors has instructed each of the NCAA's three divisions - Division I, II and III - to move toward drafting a specific rule structure with the goal of formally adopting new legislation in January ahead of the 2021-22 academic year.
The NCAA plans to "engage congress" in an effort to establish federal authority and thus uniform legislation that would ensure a level playing field from one state to another. "The decisions we make must reinforce the steadfast commitment we have to the health, safety and well-being of our student athletes".
Both the board and forum endorsed a set of principles to guide the division's discussion of the requests, including that given the impact of the COVID-19 pandemic, examining areas of potential flexibility was appropriate while continuing to preserve opportunities for student-athletes.
Jeffrey Kessler, the lead attorney in an antitrust cases against the NCAA that is still in appeals, said the NCAA's move toward NIL compensation for athletes "completely destroys every argument they've made in the past".
The NCAA Division I Board of Directors said Thursday that it does not recommend potential changes to the transfer waiver process. We have great leadership and professional development, so we can do a good job educating our student athletes about their brand and what that means to them and the opportunities they may have.
Permit student-athletes to develop and model athletic and non-athletic clothing apparel.
Athletes can also receive income from avenues such as social media, businesses they have started and personal appearances. The next month, the Board unanimously voted to support the idea of student-athletes receiving compensation for their names, images and likenesses.
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"The Board emphasized that at no point should a university of college pay student-athletes for name, image and likeness activities", an NCAA press release read.
Players, though, couldn't use school logos or trademarks in promotional activities and schools or conferences wouldn't be permitted to directly pay players.
The broad plan is to allow athletes to strike deals with third parties, but require them to disclose those agreements with their schools.
"As The Athletic's Andy Staples described it: "[The NCAA] will continue to go through the motions of protecting a notion of parity that has been hilariously refuted by every college football season that has ever been played".
The NCAA's annual revenues have recently surpassed the $1 billion mark, thanks in large part to massive television contracts and marketing fees linked to marquee sporting events like the men's NCAA Division I basketball tournament.
"Because their defense has been if you allow to permit any type of compensation to the athletes beyond what they call cost of attendance, this will destroy the whole concept of amateurism and destroy fan interest in college sports", he said. Thus, any additional recommendations will likely involve safeguards to avoid undermining this position.