A ruling by a federal court in California could mean student athletes are in for a pay day. U.S. District Judge Claudia Wilken ruled the NCAA violated antitrust law by not allowing players to profit from the use of their name or likeness by vendors, in endorsements, etc., and in this particular case, by video game maker EA Sports. Former college basketball star, Ed O'Bannon, filed a suit against the NCAA and EA Sports after his image was used in a video game for which he was never compensated. The landmark ruling sets a precedent that could potentially change college sports in a major way. The ruling does allow the NCAA to cap payments to players at $5,000 a year. TheStreet's Vanessa Soman talks about what the court's decision could mean for athletes with The Economist's Dan Rosenheck.