Keith Srakocic/Associated Press
The NCAA has reached a settlement as part of a class-action lawsuit in which it will pay out $208.7 million to past and current student-athletes.
Per the official release from the NCAA's official website, the fund must be approved by the court and will be paid out to scholarship athletes from 11 different conferences in Division I men's and women's basketball and Football Bowl Subdivision from the 2009-10 academic year to the current 2016-17 year.
Conferences and schools are not required to contribute any money as part of the settlement, which will be funded by various NCAA reserves.