For every year a player was 'featured' in EA Sports NCAA Football games, the settlement looking for judicial approval would pay that player around $950.
The lawsuit forcing this was started in 2009 by former Nebraska quarterback Sam Keller. It has resulted in NCAA Football 14 being the last of the storied franchise as EA has pulled out of any future collegiate games because of Keller's lawsuit.
Unfortunately, the NCAA games were a good incentive for encouraging football in junior high and high school. In many parts of the country, collegiate sports are more popular than pro sports. This author lives in one of those regions, the aforementioned state of Nebraska, where the University of Nebraska at Lincoln football, University of Nebraska at Omaha hockey, and Creighton University Basketball dominate the sports scene. This made NCAA Football a more popular video game franchise in this area than the Madden franchise.
EA is still being sued for a breach of contract by the NCAA, which itself is still in legal limbo with Keller and the others who have joined the lawsuit. The proposed settlement is only for Electronic Arts, not the NCAA, so the players may still get more money from the courts beyond the amount agreed to by EA.