Beginning on July 1, Division I schools will be allowed to pay its players directly following the House v. NCAA settlement approved by judge Claudia Wilken on Friday. The House v. NCAA settlement brings three federal antitrust lawsuits against the NCAA.
The NCAA will also be paying roughly $2.8 billion in back damages across the next 10 years to athletes who competed from 2016 to today.
After being vetted for months, the settlement marks the dawn of a new era in collegiate athletics where athletes will now be able to receive a share of the revenue from the broadcast deals.