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Schools can pay players now(edited with a bit more details)

aft_lizard01

Nebraska Football Hall of Fame
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May 10, 2007
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This is an edit. As more information of whats happening. The original story had some facts wrong.

The Big Ten, Big 12, ACC and SEC will be making the largest investment going forward because the settlement includes a proposed revenue-sharing system that will allow schools to commit up to $21 million per year to be paid directly to athletes. The overall commitment, including damages, is expected to be about $300 million per school (there are 69 in all) over 10 years.
 
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