The NCAA is one step closer to agreeing to a concept it has eschewed for a century: allowing schools to pay players.

On Thursday, the Power 5 conferences and the NCAA announced they had all separately authorized a settlement in House v. NCAA. Plaintiff lawyers Jeffrey Kessler and Steve Berman announced in a separate statement that they had also agreed to the terms.

The lawsuit argues that players from the pre–name, image, and likeness era deserve back pay, and the definition of NIL should expand to include broadcast revenue.