The NCAA approved a proposal on Friday to let Division I men's basketball programs decide between a 28- or 29-game schedule for the 2020-21 season.

The vote must still be reviewed by the NCAA board of directors on Wednesday.

Schools that choose a 28-game schedule can participate in one multiple-team event with up to three games. Programs that choose a 29-game schedule can participate in a multiple-team events with up to two games.

Programs that do not participate in multiple-team events can play up to 29 regular season games.

Wake Forest fired Danny Manning after six seasons as head coach.

"I am very thankful for having had the opportunity to lead the Wake Forest men's basketball program. I am very proud of the numerous student-athletes I had the pleasure of coaching, especially the student-athletes who earned their degrees. I am particularly thankful for all of the hard work my staff has put in through the years," said Manning in a statement.

Manning went 78-111 in his six seasons in the ACC, including going 30-80 in the conference.

The team never finished above .500 in the ACC under Manning.

The NCAA announced that it will waive standardized test score requirements for incoming freshman due to the COVID-19 pandemic.

Students will be eligible to enroll in Division I colleges if they have over a 2.3 GPA in 10 NCAA-approved core courses.

"We are keenly aware of the educational disruptions and academic uncertainty that prospective student-athletes are experiencing. To that end, the Eligibility Center is committed to providing support and flexibility in application of initial-eligibility requirements as we remain nimble for additional issues we can't predict or forecast," said Felicia Martin, the vice president of the NCAA Eligibility Center.

The new change will only apply to students graduating this spring or summer, with students unable to take the SAT or ACT due to the pandemic. 

Keion Brooks Jr. announced that he will return to Kentucky for his sophomore season.

Brooks, who considered leaving for the draft, averaged 4.5 points and 3.2 rebounds in 31 games last season.

Brooks was the No. 36 rated recruit coming out of high school by ESPN.

"Keion improved as much as anyone on our team. This season was great for him. He learned about himself, he learned about the game and he learned about what it takes to be special," said John Calipari. 

Athletic directors are projecting a worst-case scenario of revenues decreasing 20% for the 2020-21 season, according to a survey of more than 100 athletic directors from FBS schools.

Athletic directors stated that their three biggest concerns for athletes over the next several months included academic progress, mental health, and a lack of resources while off campus.

The cancellation of the DI men's basketball tournament cost the NCAA $375 million it was set to redistribute to member schools.

Iowa State recently announced a one-year, temporary pay reduction for its coaches and staff to offset the $5 million in lost revenue from the basketball tournament.

Power 5 schools generate $120 million in revenue per year, according to Matt Balvanz, the senior vice president for analytics for Navigate. $100 million of that amount is generated through football, with schools averaging $14 million per home game.