The National Collegiate Athletic Association (NCAA) and the major Power Five Conferences, which are the leading athletic conferences in NCAA Division I, have agreed to a landmark $2.8 billion settlement in a series of class action lawsuits. These lawsuits were spearheaded by college athletes who argued that they were deprived of earnings from endorsements and media appearances, a violation they claimed was in breach of antitrust laws. The lawsuits, known collectively as House v. NCAA, Carter v. NCAA, and Hubbard v. NCAA, asserted that the NCAA and the Power Five Conferences had conspired to withhold payment from college athletes for their participation in sports, as well as for the use of their names, images, and likenesses. They further alleged that limits were placed on the scholarships available to these athletes. The settlement, the largest in the history of college sports, is significant as it will not only compensate current and former athletes who were deprived of earnings, but will also pave the way for future changes to compensation rules within college athletics in the United States. Eligibility for the payout depends on a number of factors such as the sport competed in, the years of play, and the conference in which an athlete competed. The settlement has wide-ranging implications, potentially impacting all Division I schools, whether a part of the Power Five conferences or not. The case comes in the context of ongoing debate about whether college athletes should be paid, given the significant revenue they generate for their schools. The NCAA has traditionally maintained strict rules prohibiting student athletes from earning income from their sports participation, arguing that these rules are necessary to maintain an amateur status. However, this case constitutes a significant shift, forcing a re-evaluation of these rules and potentially leading to further litigation and regulatory changes. It is also likely to have repercussions for other sports organizations and industries where similar antitrust issues may exist.