Trump signs executive order to regulate the business of college sports

President Donald Trump signed an executive order to set new restrictions on payments to college athletes Thursday. 

The order prohibits athletes from receiving pay-to-play payments from third-party sources. 

However, the order does not impose any restrictions on NIL payments to college athletes by third-party sources.

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Colleges and universities are now allowed to pay their athletes directly after the House v. NCAA settlement last month.