The NCAA's 119-year amateurism model died Friday with a judge's pen as the landmark House v. NCAA antitrust settlement received final approval, opening the door for millions of dollars to be shared between schools and players for the first time.

NCAA member schools can compensate players across all sports beginning July 1, according to approval issued by U.S. District Judge Claudia Wilken.

Division I athletes will soon be able to receive direct payments from their schools for the first time in NCAA history.