Schools can now pay athletes directly as part of the House vs. NCAA settlement. They have a cap of $20.5 million to distribute among varsity sports as they see fit.

Third-party name, image and likeness deals exceeding $600 will have to pass through a Deloitte-operated clearinghouse called "NIL go."

About five years after its filing, the seminal House v. NCAA lawsuit has reached a resolution. Its settlement received final approval from Judge Claudia Wilken Friday.

The agreement will provide $2.8 billion in back damages to athletes who could not profit off their name, image and likeness between 2016 and Sept. 15, 2024 . It also does away with scholarship limits, instead imposing roster caps (with an optional grandfathering-in model to protect athletes in possession of spots from bei

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