Conference commissioners Jim Phillips, Greg Sankey, Tony Petitti, Brett Yormark and Teresa Gould spoke on next steps following the landmark House v. NCAA settlement. Michael Cohen has the story.

In their first extensive comments since Judge Claudia Wilken approved the House v. NCAA settlement last week, the commissioners of the five listed defendants -- the ACC, Big 12, Big Ten, Pac-12 and SEC -- expressed hope that the new revenue-sharing world it created will bring stability to what has been a tremendous period of upheaval within college athletics.

In a landmark House settlement, schools will be allowed to pay athletes directly for the first time. After over 20 years of litigation, lawsuits and legal red tape, athletes will get compensation directly from the people they play for.

Sydney Moore and Sabrina Ootsburg were surrounded by hundreds of college athletes at a convention in Charlotte when news broke that the $2.8 billion NCAA settlement had been approved by a federal judge. In a room full of college athletes, they felt like the only two people who understood the gravity of the situation.

The business of college sports was upended after a federal judge approved a settlement between the National Collegiate Athletic Conference and former college athletes Friday. Here's what it means.

Utah, discusses the NCAA's new 10-year revenue sharing agreement on 'Varney & Co.'