NCAA board of directors voted on Thursday to allow autonomy amongst the power five conference (ACC, Big 12, Big Ten, SEC and Pac-12). Per ESPN
The NCAA Division I board of directors on Thursday voted to allow the 65 schools in the top five conferences to write many of their own rules. The autonomy measures -- which the power conferences had all but demanded -- will permit those leagues to decide on things such as cost-of-attendance stipends and insurance benefits for players, staff sizes, recruiting rules and mandatory hours spent on individual sports.
The power five leagues (the ACC, Big 12, Big Ten, SEC and Pac-12) could begin submitting their own legislation by Oct. 1 and have it enacted at the January 2015 NCAA convention in Washington, D.C. Key early issues are expected to include full cost-of-attendance stipends worth up to $5,000 per player; four-year scholarship guarantees; loosened rules involving contact between players and agents as well as outside career pursuits for players; and travel allowances for players' families to attend postseason games.
SEC commissioner Mike Slive had this to say in response via Twitter: