Revenue sharing is coming to college athletics, and local schools are embracing the new model.

The NCAA and its main conferences recently agreed to allow schools to pay players for the first time in college sports history. The decision is part of a multi-billion dollar settlement agreement that comes in the wake of pending antitrust cases. Under the agreement, schools will be able to share approximately $20 million per year with student-athletes.

The Fort Worth Report details TCU’s commitment to the provisions of the settlement agreement and the school’s intent to participate in the revenue-sharing plan:

Texas Christian University will continue competing at the highest level across college athletics.

In a June 28 response to the recent $2.8 billion NCAA settlement, which paves the way for colleges to directly pay their student athletes, TCU provided insight into how it plans to navigate the new collegiate athletics landscape.

On Friday, in a newsletter written by athletic director Jeremiah Donati, TCU confirmed its commitment to fully engage with the settlement’s provisions, emphasizing its intent to participate at the highest permissible level in the revenue-sharing plan. TCU is a member of the Big 12 conference, which is one of four power conferences nationwide.

The settlement has “unprecedented” implications for Division I institutions, which are poised to reshape college sports by addressing past grievances and implementing forward-looking changes, Duane Miller, a Texas attorney who works on name, image and likeness issues with college student athletes, previously told the Fort Worth Report.