A federal judge has approved terms of a sprawling $2.8 billion antitrust settlement that will upend the way college sports have been run for more than a century.

A settlement allowing revenue sharing with athletes will transform college sports. How will this new system work? We answer all the major questions.

All Big 5 schools except Penn likely will opt in to the new revenue-sharing system, which will dramatically affect scholarships, roster sizes, NIL, and nonrevenue sports.