President Donald Trump signed an executive order Thursday that is intended to bring order and stability to college sports, though NCAA and conference leaders still stressed that federal legislation is needed to address myriad issues schools and athletes are facing.

Donald Trump signed his highly-anticipated executive order on Thursday night to save college sports.

The Trump administration Thursday released a long-anticipated executive order on college sports, an attempt to provide federal guidance to the wild world of big money that has transformed collegiate athletics in recent years.

The bill could open the door for federal standards for NIL legislation, superseding the current state laws that provide guidance on player compensation. SEC commissioner Greg Sankey said Wednesday during an appearance on "SEC This Morning" that he had no knowledge of a pending executive order.