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A federal judge granted final approval on Friday to the $2.8 billion settlement that will allow colleges and universities to begin paying athletes directly.

Judge Claudia Wilken approved the settlement on Friday that will allow schools to pay their athletes next month.

The sweeping terms of the so-called House settlement include approval for each school to share up to $20.5 million with athletes over the next year and $2.7 billion that will be paid over the next decade to thousands of former players who were barred from that revenue for years.

Payouts will be determined based on the sport and the length of athletic career, with most football and men's basketball players able to receive nearly $135,000 each.

However

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