Future of SPL

I know on the first day of Worlds, during the Smite 2 announcement they went over SPL kinda? I am having a hard time interpreting exactly how the season will look. I know it's reverting back to online league's with LANs finals throughout, but how will teams work? Will they still be paying the SPL teams, or is that being dropped and Orgs will need to pick up teams? Or is nothing super clear at this moment in time.