The 6-foot-11 Walker, who was ranked 12th in the Class of 2013 by ESPN.com, has been in limbo since being admitted to Florida in December.
Walker sat out while the NCAA investigated his amateur status.
The NCAA said in a statement that Walker received preferential treatment from five people -- including two agents. Walker will be required to donate the $270 he received from the agents to a charity and serve 80 hours of community service for the remaining benefits received.
We just got a whole lot better! Glad to see him cleared and can't wait to watch him live.