- The board approved the areas for modernizing name, image and likeness rules for student-athletes. When approved by the NCAA membership, these rules would allow:
- Compensation for third-party endorsements related to athletics, without school or conference involvement.
- Compensation for other student-athlete opportunities, such as social media, new businesses, and personal appearances, without institutional involvement or the use of trademarks/logos.
The board emphasized that at no point should a school pay student-athletes for name, image and likeness activities.