House v. NCAA was filed by former Arizona collegiate swimmer Grant House, challenging a decades-old prohibition on schools cutting checks directly to athletes.

(Reuters) -A U.S. judge on Friday granted final approval to a $2.8 billion settlement with the National Collegiate Athletic Association that will allow schools for the first time to compensate student athletes for past and future commercial use of their names,

Schools will begin directly paying their athletes in less than a month, thanks to a legal settlement that was officially approved in federal court Friday. However, the situation is far from settled.