The NCAA's 119-year amateurism model died Friday with a judge's pen as the landmark House v. NCAA antitrust settlement received final approval, opening the door for millions of dollars to be shared between schools and players for the first time.

So what does this mean for USC specifically? Following the news, Trojans athletic director Jennifer Cohen released a statement on social media.

After hanging in limbo for nearly two months, the House settlement is finally approved, which means $2.8 billion in NIL backpay will be distributed to former NCAA athletes.