A new era of college sports is officially upon us.

On Friday, Federal Judge Claudia Wilken, who has presided over multiple landmark NCAA cases in the past, approved the settlement, giving it the legal weight needed to move forward.

The deal can be broken into three parts: reimbursing former student-athletes who narrowly missed out on the NIL era, compensating future student-athletes directly from school revenue, and implementing a laundry list of new roster and enforcement rules.

$2.77 billion in back payments will be sent to former athletes. Athletes who competed in college sports since at least 2016 are eligible for compensation. Going forward, athletic departments can share up to $20.5 million annually in revenue with their athletes, starting in the first year of the 10-year agreemen

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