Colleges across Texas have been waiting patiently for the dynamics to change when it comes to athlete compensation with the approval of the House v. NCAA settlement.
Texas Gov. Greg Abbott gave schools a jump on the new era on Thursday, when he signed HB 126.
The law went into effect immediately and allows colleges to pay athletes directly for use of their name, image and likeness. The new standards in Texas line up with what is expected to take effect nationally in the next few days.
Federal judge Claudia Wilken of the Northern District of California extended a deadline in the House case on Monday as attorneys continued to work toward a final agreement. The deadline was pushed from Friday to June 27.
Revenue sharing is expected to begin nationally on July 1 once the settlement that wi