If it's from the Big Ten, UCLA went along

Note: Nothing in the description below suggests that college athletes had any say in this deal.

From Yahoo Sports: The Big Ten and SEC have struck a deal with federal lawmakers over legislation to regulate the college sports industry. Each of the league's presidents and chancellors voted Friday evening to swing their support behind the Protect College Sports Act in a stunning and about-face development that thrusts the legislation forward. The two conferences announced the deal via a joint statement [last] Friday night.

The SEC and Big Ten's support is central to the bill's passage... And there was urgency to hold a vote vote [this] week before lawmakers leave for a monthlong recess... While the bill would still need to pass the House of Representatives, Senate ratification would stand as one of the most historic moves in college sports history and a victorious moment for the NCAA's seven-year lobbying effort for a congressional bill.

The key components of the bill would grant the NCAA and conferences a limited antitrust exemption to re-implement the one-time transfer exception, standardize a five-year eligibility policy, ban professional athletes from returning to college, establish an agent registry and maximum fee (5%) and, as noted above, create a more strict athlete revenue-share cap.

The revenue-share cap, for weeks now, has been at the center of the negotiations between conference officials and co-authors of the bill itself, Sens. Ted Cruz (R-Texas), Maria Cantwell (D-Wash.) and Schmitt, and their staffs. Opposed to collective bargaining and employment, college sports leaders are working to establish a harder cap like the NFL as opposed to the current state of affairs, where schools are exceeding the $21.3 million cap, in some cases, by triple that figure, by redirecting sponsorship and apparel cash from the athletic department to their roster. According to the bill, all athlete deals with university-contracted businesses (associated entities), such as multimedia rights partners, corporate sponsors and apparel brands, would be included in a school's revenue-share payments and count against the cap...

Full story at https://sports.yahoo.com/college-football/article/sec-big-ten-vote-to-support-congressional-college-sports-bill-after-mad-scramble-001809916.html.

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Joint statement above at https://x.com/SEC/status/2083371653153566937.