College sports is entering a new era.
Schools now allowed to share up to $20.5 million per year with athletes.
Some people call it a salary cap. Others call it revenue sharing.
It's confusing. So we break it down so it’s easy to understand.
In a simple guide.
So you can explain it to your friends.
Where the $20.5M number came from and why it will change over time
What counts against the cap (and what schools can still spend outside of it)
How the new revenue-sharing system allows schools to directly pay athletes
What happens to NIL deals, collectives, and booster money
Why some schools could effectively spend far more than the cap
What the new system could mean for recruiting, competitive balance, and the future of college sports

Founder of Extra Points
Covering the business of college sports for 5+ years. Read by 40k+ athletic directors, administrators, and fans nationwide.