All Big 5 schools except Penn likely will opt in to the new revenue-sharing system, which will dramatically affect scholarships, roster sizes, NIL, and nonrevenue sports.

A federal judge has signed off on arguably the biggest change in the history of college sports, clearing the way for schools to begin paying their athletes millions of dollars as soon as next month.

A federal judge on Friday approved a historic settlement that will allow colleges to begin directly paying student-athletes, signaling the most significant shift in the history of college sports and effectively dismantling the amateurism model that defined the NCAA for more than a century.