The business of college sports was upended after a federal judge approved a settlement between the National Collegiate Athletic Conference and former college athletes Friday.
After a lengthy litigation process, the NCAA has agreed to provide $2.8 billion in back pay to former and current college athletes, while allowing schools to directly pay athletes for the first time.
Joshua Lens, whose scholarship centers on the intersection of sports, business and the law, tells the story of this settlement and explains its significance within the rapidly changing world of college sports.
What will change for players and schools with this settlement?
The terms of the settlement included the following changes:
