Paul has become arguably the most-powerful agent in the NBA, though he does not have a bachelor's degree, and thus wouldn't be able to represent student-athletes going through the NBA Draft process.
Whereas before it was mandatory that any agent representing a player who is testing the NBA Draft must have a college degree, agents now have to either have a bachelor's degree or be certified by the NBA Players Association.
The NCAA announced Monday it would amend the standards so that bachelor's degrees would not be required for agents now certified and in good standing with the NBA players' association. He famously rose to power through his friendship with James, though he doesn't have a bachelor's degree.
Last week, the NCAA shocked everybody when they suddenly created a new rule that would keep agents without University degrees from representing NCAA talent.
However, it would impact people like him and have harmful consequences for those trying to break into the industry.
Barr says 'irregularities' found at Epstein jail
They come from a lawsuit against Epstein associate Ghislaine Maxwell - who allegedly recruited girls into a sex trafficking ring. US authorities say Epstein had a residence in Paris and used a fake Austrian passport to travel to France in the 1980s.
Monday's reversal came on the same day in which Paul slammed the NCAA in The Athletic. "In this case, the people being locked out are kids who aspire to be an agent and work in the National Basketball Association and do not have the resources, opportunity or desire to get a four-year degree".
The new rules states agents must have a Bachelor's Degree, be certified with the NBPA for at least three years and take an in-person exam at the NCAA Office in Indianapolis, according to Rothstein.
"Although some can and have been successful without a college degree, as a higher education organization, the NCAA values a college education and continues to emphasize the importance of earning a degree".
Have NBPA certification for a minimum of three consecutive years.
"Does anyone really believe a four-year degree is what separates an ethical person from a con artist?"
With the backlash the NCAA is facing, it is unclear if the sports entity will loosen the criteria for agents, though they have had a history of making questionable decisions. I'm not sure what the technical term is for that because I didn't finish college, but I know it when I see it. Along with retweeting messages of support, James claimed nothing would stop the movement, and Thompson tweeted "Rich Paul", alongside an emoji of a goat, referencing the acronym for "greatest of all time". Hopefully, the NCAA will help foster a system that will allow for that as well.