Dec. 5, 2023 3:03 pm ET

In a groundbreaking move that would transform how college athletics has operated for more than a century, National Collegiate Athletic Association President Charlie Baker unveiled a proposal that would allow Division I schools to pay their athletes for the first time.

Baker outlined the proposal in a letter sent to member schools on Tuesday. Should Division I schools choose to accept the proposed changes, they would be free to enter into endorsement deals directly with their athletes and remove any cap on educational related benefits. They can also establish a trust fund for their athletes.

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