Alex Hampl
Thursday April 24th, 2014

hatch Wake Forest President Nathan Hatch is the chair of the Division I Board of Directors. (Jamie Squire/Getty Images)

The NCAA Division I Board of Directors on Thursday endorsed a new governance model that would give more decision-making autonomy to the five power conferences -- the ACC, Big 12, Big Ten, Pac 12 and SEC.

According to the release, the five conferences would have autonomy over areas including financial aid, insurance, academic support and paying for family travel. Recruiting and transfer issues could also fall under these rules.

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The board says it will listen to membership feedback over the summer before voting on final recommendations in August. The board's news release Thursday also included one important change unrelated to the restructuring: The so-called hardship waiver, in which athletes could transfer because of an issue such as a sick family member and be eligible to play immediately, was effectively ended. Instead, players will be granted a sixth year to complete their four years of eligibility.

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