U.S. college leaders vote in favor of sports reform: NCAA

Reuters News
Posted: Aug 07, 2014 1:25 PM

(Reuters) - U.S. college leaders voted on Thursday to give the five richest athletic conferences a measure of autonomy in how they govern major college sports, the National Collegiate Athletic Association said, which may result in greater financial compensation for student-athletes.

The so-called power five conferences - the Atlantic Coast Conference, Big 10, Big 12, Pac-12 and Southeastern Conference - and the NCAA have been under fire from critics for generating billions in revenue from amateur athletics.

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(Reporting by Eric Kelsey; Editing by Meredith Mazzilli)