The NCAA’s House settlement brings about a new era of college sports

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🚨 Headlines

🏆 Panthers 6, Oilers 1: The defending champs returned home in style, clobbering the Oilers in a physical Game 3 to seize control of the Stanley Cup Final. Tensions flared all night and ultimately led to a full-out brawl in the third period.

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⚾️ Final ticket punched: Murray State is headed to the College World Series for the first time ever after upsetting Duke, 5-4, to secure the final spot in the eight-team tournament. The action begins Friday in Omaha, Nebraska.

🏈 NFL succession: Ownership of the Colts has officially passed to Jim Irsay’s three daughters in the wake of their father’s death last month. The eldest daughter, Carlie Irsay-Gordon, will serve as principal owner and CEO as part of “longstanding plans set forth by Jim.”

🥎 Historic viewership: Game 3 of the Women’s College World Series final drew 2.4 million viewers on ESPN, making it the most-watched college softball game ever. Games 1 and 2 each drew 2.1 million viewers, the largest audience ever for the first two games.

🏈 Chubb to Houston: Four-time Pro Bowl running back Nick Chubb has agreed to a one-year deal with the Texans. It’s a fresh start for Chubb after knee and foot injuries limited him to 10 games over the past two seasons.

🎓 A new era of college sports

The NCAA’s landmark settlement of three antitrust cases was finally granted approval on Friday, ushering in a new era of college sports where schools will pay athletes directly.

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Key details:

1. Revenue sharing: Starting July 1, schools that opt into this new system (most D-I schools) can share up to a certain amount of revenue with athletes annually. The “cap” for Year 1 is projected to be $20.5 million and will go up from there.

2. Enforcement: A new non-NCAA entity called the College Sports Commission will enforce revenue-sharing rules, while a Deloitte-run clearinghouse dubbed “NIL Go” will review contracts between athletes and third-parties (brands, boosters, etc).

3. Backpay: The NCAA will pay thousands of former athletes (playing from 2016-2024) a whopping $2.8 billion in backpay from lost NIL compensation.

4. Roster limits: Scholarship limits will be replaced with roster limits, with a caveat: Schools may grandfather-in current athletes, those who’ve been cut this year due to the impending limits and recruits who enrolled on the…