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.

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.