From The Athletic:
I think mainly just allows something that was already happening under the table. Nevertheless, I think it is a valuable step.
Athletes who are being recruited by NCAA schools will now have the ability to negotiate name, image and likeness (NIL) compensation under the terms of a proposed settlement of an antitrust lawsuit brought by the states of Tennessee and Virginia against the NCAA in 2024.
If approved by a judge, the NCAA will stop enforcing rules prohibiting NIL from being used as a recruiting inducement. The NCAA also will not adopt any new rules banning NIL in recruiting.
I think mainly just allows something that was already happening under the table. Nevertheless, I think it is a valuable step.