This is from another board, but is the best explanation I've found. My question is can players sign deals on a personal basis too? Will the clearinghouse deals be public?

This is my understanding, but someone here may have more knowledge (or feel free to correct me).

The NIL settlement will implement an annual cap that schools can distribute money to its athletes (i’ve read 20.8 million as the cap or a certain % of its athletics revenue). So, schools will have to decide where to allocate those resources. Additionally, former athletes in the non-NIL era will be paid from their “missed opportunities,” resulting in the NCAA having to pay them over a 10-yr period.

But with an annual cap, most schools will enact a revenue share model. This means that each sport receives a percentage of the 20.8M annual cap for its athletes. The stereotypical cap is:

75% for football, 15% for men’s bb, 5% for women’s bb and 5% spread out across all other sports.

I believe; however, that the schools will decide what percentage each sport gets.

How it affects softball (this one i’m not 100% sure on): but if softball were to receive a measly 1% of the annual cap, that would be $208,000. Well, that is 1/4 of what Nija received at Texas Tech. So if these players were to flock to Tech for NIL money and the settlement passes like its expected too, I could see it creating a lot of upset with these transfers wanting more money.