A new era of college athletics is beginning after a federal judge approved a $2.8 billion antitrust settlement last week that will drastically change the way college sports operate. The decision removes outdated amateurism rules from college sports and allows schools to begin paying their athletes directly.

Starting July 1, athletic departments will be able to compensate athletes directly from their revenues. Here's how the settlement of House v. NCAA will impact NCAA Division I schools.

Federal judge Claudia Wilken signed off on a settlement resolving three antitrust compensation cases brought against the NCAA.