NCAA and Major Conferences Agree to Pay $2.8 Billion to Settle Antitrust Claims

NCAA and five major conferences agree to pay $2.8 billion to settle antitrust claims, paving the way for a new revenue-sharing model that will compensate college athletes. The deal marks the end of the NCAA's amateurism model and allows athletes to receive money from endorsement deals and sponsorship. Schools will share revenue with athletes, bringing college sports into the 21st century.