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NCAA reverses course, may allow student-athletes to market themselves, and it could be worth millions for some of college sports' biggest stars

Oct 30, 2019, 00:12 IST

FILE - In this April 19, 2019, file photo, an athlete stands near a NCAA logo during a softball game in Beaumont, Texas. The NCAA is poised to take a significant step toward allowing college athletes to earn money without violating amateurism rules. The Board of Governors will be briefed Tuesday, Oct. 29 by administrators who have been examining whether it would be feasible to allow college athletes to profit of their names, images and likenesses. A California law set to take effect in 2023 would make it illegal for NCAA schools in the state to prevent athletes from signing personal endorsement deals. (AP Photo/Aaron M. Sprecher, File)Associated Press

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  • The NCAA announced Tuesday afternoon that it would begin the process of allowing student-athletes to market themselves for financial gain.
  • The statement, released via the NCAA's website, stated that the organization's board of governors "voted unanimously to permit students participating in athletics the opportunity to benefit from the use of their name, image, and likeness in a manner consistent with the collegiate model."
  • Tuesday's announcement comes as a major reversal for the NCAA, which had pushed back on California Governor Gavin Newsom's law that loosened the criteria for collegiate athletes to market themselves starting approximately three years down the line.
  • It is still not clear exactly how the athletes would be permitted to do and how the NCAA would control the revenue.
  • Visit Business Insider's homepage for more stories.

The National Collegiate Athletic Association (NCAA) - the governing body responsible for overseeing college sports - announced Tuesday afternoon that it would begin the process of allowing student-athletes to market themselves for financial gain.

The statement, released via the NCAA's website, stated that the organization's board of governors "voted unanimously to permit students participating in athletics the opportunity to benefit from the use of their name, image, and likeness in a manner consistent with the collegiate model."

While the details regarding what, exactly, constitutes "a manner consistent with the collegiate model," the board did release a list of guiding principles by which the NCAA's three divisions should abide in initiating the "modernization of [their] bylaws and policies:"

Tuesday's announcement comes as a major reversal for the NCAA, which had pushed back on California Governor Gavin Newsom's law that loosened the criteria for collegiate athletes to profit from their name, image, and likeness starting approximately three years down the line.

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The move is also just days removed from the NFL Players Association and National College Players Association's dual statement that pursued similar ends.

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