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From: NCAA

The NCAA's top governing body announced Wednesday its support of a new plan to allow athletes to sign endorsement contracts and receive payment for other work, as long as the schools they attend are not involved.

The NCAA said in a news release that the athletes will be allowed to appear in advertisements and can reference their sport and school, but would not be allowed to use school logos or branding in those advertisements.

A group assembled to evaluate and modernize the NCAA's rules about athletes profiting from their name, image and likeness, and the recommendations were presented to the NCAA in April.

The changes included major changes to current restrictions, but also left room for colleges to regulate the deals athletes get involved with.