NCAA approves sweeping regulations that include academic standards, scholarship money

In a board meeting today with an "aggressive" agenda, NCAA Division I Directors approved a package of reforms that cover numerous areas:

On Thursday, the Division I Board of Directors approved a package of sweeping reforms that gives conferences the option of adding more money to scholarship offers, schools the opportunity to award scholarships for multiple years, imposes tougher academic standards on recruits and changes the summer basketball recruiting model......

The board approved a measure allowing conferences to vote on providing up to $2,000 in spending money, or what the NCAA calls the full cost-of-attendance. Emmert insists it is not pay-for-play, merely the reintroduction of a stipend that existed for college athletes until 1972. He also compared it to the stipends received by other students who receive non-athletic scholarships.

The implications? Hard to tell yet.