With $2.7 billion settlement approved, college sports' big money era is officially here

Starting this fall, NCAA Division I schools will be able to pay players directly up to a salary cap of $20.5 million.

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.

(Image credit: Jae C. Hong)