The Department of Education cleared a major hurdle for NIL and revenue sharing in a historic reversal of the Title IX adherence ruling.

The U.S. Department of Education has officially rescinded a nine-page fact sheet on Title IX guidance that was released last month under the outgoing presidential administration, a move that was anticipated by many within college sports.

Title IX does not apply to name, image and likeness deals, the U.S. Department of Education said Wednesday, rescinding the Biden administration's guidance that schools must equitably distribute direct payments to male and female athletes.