NCAA votes to increase the value of athletic scholarships

Huge news today for student-athletes:

FORT WASHINGTON, Md.— In landmark action for major-college sports, schools and athlete representatives from the NCAA’s five wealthiest conferences on Saturday voted 79-1 to expand what Division I schools can provide under an athletic scholarship.

The vote, taken during the NCAA’s annual convention, redefines an athletic scholarship so that it can cover not only the traditional tuition, room, board, books and fees, but also the incidental costs of attending college. That means a scholarship will now be able to pay for items including transportation and miscellaneous personal expenses.

Conservatively this means Division I men’s and women’s athletes collectively stand to gain at least $50 million a year in additional benefits.

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