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.

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 $2.8 billion NCAA settlement is being touted as a path to stability for college sports, clearing the way for schools to pay their athletes within certain parameters.