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.

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.

The landscape of college sports has been altered forever. For the first time in the history of collegiate athletics, student-athletes will soon become eligible to be directly paid by their schools.

Claudia Wilkins, a federal judge in California, approved a settlement Friday between the NCAA and athlete plaintiffs that established a revenue sharing system which allows athletic departments to pay out about $20.

The groundbreaking case leading to the transformation of the college sports model in the United States is over

Judge Claudia Wilken approved the terms for a $2.8B settlement against the NCAA, allowing schools to pay players directly through licensing deals. The House v. NCAA antitrust lawsuit has paved the way for universities to pay student athletes directly.