The NCAA Board of Directors voted 16-2 on Thursday to grant the "Power 5" conferences the autonomy to write many of their own rules. The "Power 5" includes the ACC, Southeast Conference, Big 12, Big Ten, and Pac-12.
Among the legislation the Power 5 schools are now expected to enact is a yearly stipend for student-athletes which would cover full cost-of-attendance at schools. Each student-athlete could receive anywhere from $2,000 to $5,000 annually.
The Power 5 also reportedly plans to guarantee athletic scholarships for four full years, and provide long-term health coverage to athletes.
Other new rules could eventually include relaxed restrictions on contact between players and agents, allowing players to pursue outside paid career opportunities, and covering travel costs for players' families during postseason play.
The Power 5's autonomy will not allow them to change the rules regarding postseason tournaments, transfer policies, scholarship limits, or anything regarding on-field play.
Schools outside of 65 "Power 5" institutions will have the option to enact new legislation as well, but likely won't be able to do so because of financial constraints, which could further increase the disparity between large and small schools.
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