A federal judge has approved terms of a sprawling $2.8 billion antitrust settlement that will upend the way college sports have been run for more than a century. In short, schools can now directly pay players through licensing deals — a concept that goes against the foundation of amateurism that college sports was built upon.

A settlement allowing revenue sharing with athletes will transform college sports. How will this new system work? We answer all the major questions.

The multi-billion dollar settlement will create revenue sharing and NIL enforcement, but it won’t stop legal challenges to the NCAA system.