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Payments to thousands of former and current athletes will approach $2.8 billion, minus the trial lawyers’ cut of the class-action suits. This follows the NCAA’s decision to let college athletes benefit financially from their names, images and likenesses

Most legal analysis of the settlement concludes that the days of the “amateur” college athlete are over. In the future, the men and women on Division I teams and others likely will be regarded as professionals who will be paid to play by universities through revenue-sharing agreements up to $20 million a year per school.