College sports fans, the future is now.
A federal judge has approved the House v. NCAA settlement on revenue sharing, clearing the way for it to take effect on July 1.
From that day on, colleges will be allowed to directly pay their student-athletes, so long as they stay under a predetermined annual cap.
NIL, or name, image and likeness, deals, including from booster-funded collectives, will remain available to college athletes, but most deals will now be reviewed by a clearinghouse aimed at making the NIL market more organized and fair.
The now-approved settlement will also bring with it new scholarship rules and roster limits , and it will resolve multiple antitrust lawsuits with a $2.8 billion payout to athletes who couldn’t access NIL funds in the past due to the timing of their