Each school can now share US$20.5 million with athletes, while US$2.7 billion will be paid to ex-players barred from that revenue for years.

NCAA member schools can compensate players across all sports beginning July 1, according to approval issued by U.S. District Judge Claudia Wilken.

Federal judge approves historic NCAA settlement, allowing schools to pay athletes millions, marking the end of amateurism in college sports.