NCAA, leagues sign off on nearly $3 billion plan to set stage for dramatic change across college sports
CBSN
The NCAA and the nation's five biggest conferences have agreed to pay nearly $2.8 billion 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.
The Pac-12 became the final conference to sign off on the proposal Thursday when its university leaders voted to approve, according to a person with direct knowledge of the results.
The Southeastern Conference presidents and chancellors unanimously approved the deal earlier Thursday, another person with knowledge of that decision told The Associated Press. Both spoke spoke on condition of anonymity because an official announcement between the Pac-12, SEC, Big Ten, Big 12, Atlantic Coast Conference and NCAA was still being prepared.
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