UNC athletic director Bubba Cunningham shared an open letter to Tar Heel fans and students Monday morning, addressing this month’s House v. NCAA settlement and its effects on the collegiate landscape. The settlement, which was approved by U.S. Judge Claudia Wilken on June 6, requires schools to share up to $20.5 million in revenue with their student-athletes over the next year and pay a collective sum of $2.7 billion to former players who missed out on potential revenue opportunities. Additionally, all name, image and likeness deals valued at more than $600 will be subject to review and approval by a national clearinghouse. Enforcement of revenue share and NIL rules will be overseen by the College Sports Commission, a new group formed out of the settlement. Cunningham described the settlement as “a significant evolution that will change our department’s financial model while providing greater financial opportunities for Tar Heel student-athletes.” Specifically, Cunningham noted that ...