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NCAA Board of Governors moves toward athlete compensation for name, image and likeness

The NCAA Board of Governors sent shockwaves throughout the college athletics landscape on Wednesday morning when it announced that the first steps are being taken toward athletes getting paid.

Ohio State president and chairman of the Board of Governors Michael V. Drake called the move "uncharted territory" while Ohio State senior vice president and director of athletics Gene Smith said the move will take place no later than January 2021.

The release from the NCAA outlines that athletes may use their sport and school to identify themselves but use of school and conference logos is prohibited.

Per the release, several guidelines are also being established to ensure fairness and a regulatory process with regards to name, image and likeness usage.