Athletes can now be paid by their University, what does this mean for Kansas State?

This is a historic day in college sports. Late Thursday night, the NCAA and the Power Five conferences agreed on a $2.8 billion settlement on a host of antitrust claims that will now allow a revenue-sharing model that allows Universities to directly pay athletes.

So what does this all mean?

To put it in simple terms, athletes can now be paid directly by their University for the first time in college sports history. The settlement will pay out $2.77 billion to more than 14,000 past and current athletes over the next 10 years.

The new revenue-sharing plan allows each school to share up to $20 million with athletes. The former athletes that are being paid date back to 2016.

While this is a big step forward in college sports, the plan still has to be approved by plaintiffs and a federal judge.

The question everyone might have is, how does this affect my university?

Well for Kansas State, this means that athletes of all sports from football, to baseball, to track and field, will have the opportunity to be paid by the university. This couples with the newer NIL rules brought to college sports in recent years.

This deal can definitely benefit larger schools known to have more money than schools such as Kansas State which does not have nearly the amount of money that a Texas or Alabama has.

This is a great opportunity for athletes who may not be able to get big NIL deals or full-ride scholarships to be paid and still continue playing the sports they love and excel at.