(CNN) The NCAA is going to start talking about the idea of updating its rules to compensate college athletes. However, the organization maintains it will not consider any concepts that could be construed as payment for participation in college sports.

On Tuesday, the NCAA announced that president Mark Emmert and the board of governors have formed a working group to examine issues related to athletes' names, image and likeness.

The group will be made up of member representatives from all three NCAA divisions and will be led by Big East commissioner Val Ackerman and Ohio State athletics director Gene Smith.

"This group will bring together diverse opinions from the membership -- from presidents and commissioners to student-athletes -- that will examine the NCAA's position on name, image and likeness benefits and potentially propose rule modifications tethered to education," Ackerman said in a statement.

"We believe the time is right for these discussions and look forward to a thorough assessment of the many complexities involved in this area."