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.

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.