The university turned over, among other records, unredacted transcripts of player interviews conducted during the investigation.
The university had argued the records were protected by the Family Educational Rights and Privacy Act. The school also agreed to pay $45,000 in attorney fees.
The settlement ends a two year legal battle between UNC and the media.
UNC's problems began when the school announced it was looking into academic misconduct and allegations that players got perks from professional sports agents.
In all, 14 players missed at least one game during the 2010 season because of the probe with seven being ruled out for the entire year. An eighth was cleared to return at midseason but decided to redshirt.
After finishing its investigation, the NCAA the NCAA banned the school's football program from a bowl in 2012 and cut 15 scholarships over three years.
The new records released Friday detail trips, cars, jewelry, and other benefits players received while at UNC. Some of the information is not new, including details of trips to Las Vegas, Atlanta, and Washington, D.C.
What is new is handwritten notes from player Robert Quinn, who was clearly fearful his chances at an NFL career could have been in jeopardy.
"I apologize for not coming out and telling everything. I am truly sorry and hope you can find forgiveness in your heart and understand the pressure I was under," he wrote.
The documents also summarize statements from four other players, including Michael McAdoo, Charles Brown, Deunta Williams, and Kendric Burney.
In a statement issued along with the documents, UNC Director of Athletics Bubba Cunningham said UNC is looking forward to putting the scandal behind it.
"The University has strictly adhered to the terms of the sanctions. The University of North Carolina and the Department of Athletics are deeply committed to maintaining the long-standing traditions of academic achievement and athletic success with integrity that have been the hallmark of our program for many decades. We are completely committed to these principles as we move forward," he said.
As part of its legal settlement with UNC, ABC11 has agreed not to post the newly released documents online.