College athletes closer to being paid directly by schools after NCAA vote

Yes, but: There are still many steps that have to be taken before the change can become a reality.

What they're saying: "The five autonomy conferences and the NCAA agreeing to settlement terms is an important step in the continuing reform of college sports that will provide benefits to student-athletes and provide clarity in college athletics across all divisions for years to come," a joint statement from the leaders of the NCAA and the conferences said.

• "This settlement is also a road map for college sports leaders and Congress to ensure this uniquely American institution can continue to provide unmatched opportunity for millions of students," it continued.