A rough estimate for the NCAA settlement is that 75 percent of the $20.5 million universities can allocate to their athletic programs will go to football players, 15 percent to men's basketball, five percent to women's basketball and five to other sports.

After hanging in limbo for nearly two months, the House settlement is finally approved, which means $2.8 billion in NIL backpay will be distributed to former NCAA athletes.

The multi-billion dollar settlement will create revenue sharing and NIL enforcement, but it won’t stop legal challenges to the NCAA system.