BREAKING: House Settlement Approved, College Athletics Undergo Massive Change With Schools Now Paying Athletes

After a few years of battling behind the scenes to come up with a solution that would settle a lawsuit that would change the face of college athletics, the House settlement has finally been approved. Now we are headed into uncharted territory, with plenty of questions still to be answered. 

It might have taken over two weeks for Judge Claudia Wilken to issue her approval, but at 9:15 p.m. ET on Friday night, the collegiate sports we once knew is now gone. 

As you've watched this play out over the last number of years, with plenty of setbacks along the way, former collegiate athletes were looking to get a cut of the pie that they missed out on due to NIL not being around during their playing days. 

According to the order filed, schools will have roughly $20.5 million to share with their athletes. This will be broken up into different sports, which is at the discretion of each school participating in the revenue-sharing. 

Now, we are living in the era where players who are looking to cash-in on their NIL, will be dealing directly with the school itself, while third-party collectives will still be around at most schools.  It started with the Ed O’Bannon case, which was a fight over whether former and current athletes should be paid for their likeness being used in video games. This led to the dam opening, and more players taking the NCAA to court over their current NIL rights. 

What we got in return was a settlement that would see college athletes being paid by the schools themselves, which was illegal up until this point. Clearly, all hell has broken loose in the NIL circles, as what you are seeing today has nothing to do with actual name, image and likeness, but more so, players getting paid to play at a particular