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An agreement signed last year between the NCAA and those Power Five conferences allows schools to give athletes a portion of the revenue their athletic departments generate.
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The athletics department would not say which of its 36 sports will be affected. The changes come with a court settlement on new name, image and likeness rules.
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The NCAA football rules committee issued guidance Wednesday to close a loophole that allowed second-ranked Oregon to exploit an illegal substitution penalty late in its victory over Ohio State to take time off the clock.
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In May, the NCAA and the five big power conferences agreed that college athletes should directly receive pay from universities.
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The monumental decision 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.
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Ohio, the U.S. Department of Justice and 10 other states have joined the lawsuit.
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The lawsuit filed Thursday targets a bylaw that bars Division 1 student athletes who transfer from participating on the field or court for an entire year.
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The No. 2 ranked Ohio State Buckeyes play the No. 3 ranked Michigan Wolverines Saturday at noon in Ann Arbor.
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The fencing, women’s golf and women's basketball programs at Ohio State face probation and other penalties for NCAA violations.
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The university on Monday announced the launch of the new NIL Edge team to try to help players capitalize on their name, image and likeness.