REPORT: Division I schools now allowed to pay players directly following House settlement

Beginning on July 1, Division I schools will be allowed to pay its players directly following the House v. NCAA settlement approved by judge Claudia Wilken on Friday. The House v. NCAA settlement brings three federal antitrust lawsuits against the NCAA.

The NCAA will also be paying roughly $2.8 billion in back damages across the next 10 years to athletes who competed from 2016 to today.

After being vetted for months, the settlement marks the dawn of a new era in collegiate athletics where athletes will now be able to receive a share of the revenue from the broadcast deals.

The profit sharing provided from the schools will be capped at $20.5 million per school in 2025-26, but is expected to increase each year and will be in addition to the benefits which athletes already receive. Of the $ 20.5 million, football will be allocated 75% to spend with men’s basketball receive 15%, women’s basketball at 5% and all remaining sports receiving 5%.

The settlement will also help crackdown on the legitimacy of NIL deals as it established “NIL Go” run by Deloitte. Now all-third party NIL deals above $600 must be approved by “NIL Go” and if not approved a third-party arbiter could fine the program.

To further supply stability to the sport, the College Sports Commission is also expected to hire a commissioner, with ESPN reporting that Major League Baseball Executive Bryan Seeley will be eyed for the job.