The recently approved House v. NCAA settlement is facing its first challenge, CBS Sports confirms. A collection of women's sports athletes are planning to appeal the court decision, arguing that the structure of damages payments violates Title IX's gender equity statute.

The appeal will not impact revenue sharing — slated to start July 1 — but will pause the back-pay damages portion of the settlement.

Chancellor Daniel Diermeier and Athletic Director Candice Story Lee believe the university is well-positioned for this new era of college sports.

In their first extensive comments since Judge Claudia Wilken approved the House v. NCAA settlement last week, the commissioners of the five listed defendants -- the ACC, Big 12, Big Ten, Pac-12 and SEC -- expressed hope that the new revenue-sharing world it created will bring stability to what has been a tremendous period of upheaval within college athletics.

The term has emerged as the most important part of the long-awaited legal settlement that will greatly reshape college sports, following its approval late last week. This is that House v. NCAA thing that’d been drip-dripping in the news forever, the Colleges Can Now Pay Their Athletes Actual Money thing.