Amateur hour is over: College athletes can get paid by schools

College sports is officially entering a new era. Athletes can officially get paid directly by their schools without a workaround involving boosters or a name, image, and likeness collective.

Next school year athletic departments will be allowed to pay a combined $20.5 million to athletes across all their sports.

The amount of NIL compensation that schools could pay their athletes is going to be capped at, for the first year , $20.5 million .

The transfer rules are going to stay the same, they're not affected by the House settlement at all.

Big Ten and SEC schools might have the easiest time because of TV revenue.

There will be a lot of Title IX lawsuits over college athletes' ability to pay out $20.5 million to athletes.

The salary cap in college athletics is not going to be exempt from antitrust law.

There's already one big case pending on that issue called the Johnson v. NCAA case in federal court.