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After a 5-year battle, the hundreds of gymnasts who were victims of Larry Nassar[2]'s incessant sexual abuse have reached a $380 million agreement to settle their lawsuits against USA Gymnastics and the USA Olympic Committee.

MSU settled[3] with 332 female athletes back in 2018 for $500 million ... and on Monday, USA Gymnastics and the USOPC raised the total amount to $880 million, the highest settlement amount for a single perpetrator in a sexual assault case, according to ESPN[4].

larry nassar in court

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"This settlement is the result of the bravery of hundreds of survivors who, despite legal obstacles, long odds and the best corporate legal talent money can buy, refused to be silent," the gymnasts' attorney John Manly told the outlet. "The power of their story eventually won the day."

Along with the money, as part of the settlement, USA Gymnastics and the USOPC have vowed to make huge changes within the organizations to ensure the safety and betterment of the athletes.

Some of Team USA's biggest stars have spoken out about Nassar ... including Simone Biles[6], who claimed his abuse may have triggered[7] her mental health struggles during the 2020 Olympics.

While it's a big moment for all the survivors, they're not done fighting -- they're currently calling for punishment in the FBI's handling of the Nassar case.

Read more from our friends at TMZ