Football League clubs including Coventry City have voted in a new Elite Player Performance Plan at Walsall FC on Thursday.
The plan sees a new four tier academy system, set fees in place of the current tribunal system for the sale of home grown players, the end of the ninety minute rule where players must live within ninety minutes of the training ground and increased payments to all clubs for youth development.
According to the BBC, the new fees for players going to other clubs are not in the range that City got for Danny Sturridge via a tribunal. The new tariffs are for a club to receive £3,000-per-year for every year of a player's development between the ages of nine and 11. The fee per year from 12 to 16 will depend on the selling club's academy status - but ranges between £12,500 and £40,000.
Coventry City are expected to be rated as a Category One Academy and clubs 'with that status will have programmes that vastly increase the contact time with young players, with the aim of ensuring the most-talented youngsters have the best opportunity to fulfil their potential.'
The Football League have issued the following statement: "Following lengthy consideration, Football League clubs have voted to accept the Premier League's proposals on the Elite Player Performance Plan (EPPP).
"The League will now continue discussions with the Premier League on the implementation of the EPPP across professional football."