Wednesday, the NCAA announced basketball players will have more freedom and flexibility about their status, including allowing undrafted players to return to school.
All player-agent relationships, however, must be in writing, disclosed to the NCAA and ended when the player comes back to school. The rule changes are effective immediately.
Other potential changes include allowing agents to represent active college players and pay for expenses like meals and transportation for players and families "if the expenses are related to the agent selection process" and allowing rising high school seniors to be represented by an agent.
Players will be eligible to hire an agent after "any basketball season", so long as they request an evaluation from the NBA undergraduate advisory committee, according to Charania.
The NCAA announced several new policies and rules today, including that players will now be allowed to return to school if they declare for the National Basketball Association draft but are not selected.
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The rule changes are aimed at giving basketball student-athletes more flexibility for going pro and also earning a degree.
The NCAA and its member schools are part of the broader higher education community, and today's actions renew our commitment to our core goal - preparing students for a lifetime of opportunity. The NCAA also suggested that there will be an agreement coming out of talks with apparel companies for "accountability and transparency regarding their involvement in youth basketball".
"The September 2017 announcement of a federal investigation into fraud in college basketball recruiting made it clear the NCAA needed to make significant changes - and do so quickly", the NCAA wrote on it's website.
University presidents and chancellors will also now be personally resposible for their athletics programs abiding by the NCAA's rules.