The NCAA's 119-year amateurism model died Friday with a judge's pen as the landmark House v. NCAA antitrust settlement received final approval, opening the door for millions of dollars to be shared between schools and players for the first time.

Schools are now able to begin paying their athletes directly after a multibillion-dollar legal settlement was formally approved Friday.

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