A $2.8 billion settlement that lets schools directly pay athletes will change college sports forever. Here’s how

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. In short, schools can now directly pay players through licensing deals — a concept that goes against the foundation of amateurism that college sports was built upon.

Some questions and answers about this monumental change for college athletics:

Q: What is the House settlement and why does it matter?

A: Grant...