This morning, the NCAA Division I Council moved to eliminate the National Letter of Intent.
The decision comes after the House vs. NCAA settlement that will soon allow schools to pay athletes more than $20 million annually, sparking fundamental changes to the NCAA's historic stance on amateurism rules.
For decades, dating back to the mid 1960's, the National Letter of Intent was the initial agreement signed by recruits tying them to a school, but with recent changes to the college football landscape it has been become rather dated.
With the move away from NLI, financial aid and scholarship agreements are expected to be the new go-to that will be tied to similar rules and regulations.
The shift has been expected for months, as the Collegiate Commissioners Association has been among those leading the charge for changes.
The Division I Council's decision are not final until the meeting concludes later today.
Stay tuned to The Scoop for the latest.