The settlement in House v. NCAA brings an end to the NCAA's long-standing tradition of amateurism. Starting this fall, schools will be able to pay players directly up to a salary cap of $20.5 million.
The class-action legal settlement would transform college sports. But this year, many athletes learned it would cost their spots on the team. Now, after a judge heard their objections, they must wait.
Laws take effect this week in seven states that allow college athletes to be compensated for their name, image and likeness. It opens the door for collegians to make money off endorsement deals.
