I will go to my grave stating that the players deserve compensation for risking life and limb for dear ole alma mater (shove your worthless "scholarship"). However, I was completely wrong to think that the NCAA, the conferences and the universities involved would actually have some control over this mess. Instead, it is a complete free-for-all and open bribery. No rules, no regulations, no limits, no sanctions, just million dollar handshakes. And the obscene amount of money available means that the market won't self regulate. if Joe B. Auburn gives a 7 figure NIL deal to some flop, you can bet that Billy Bob Auburn will be right behind him with a 7 figure deal to the next flavor of the month. What was supposed to be an fair compensation for Name, Image and Likeness (e.g, Jersey sales with name on the back) has mutated into a channel for boosters to legally give cash to players to attend their program.
Here at Poindexter U, where most alumni don't give a sh1te, we don't have such a pool of $. The closest we could come would be for Pat Ryan et al to endow some separate, non-university fund with, say, $50 million, have someone manage the fund and generate NIL deals worth about $5M a year.
Separately, I'm sure you can still get put on probation for buying a recruit a cheeseburger and giving him a ride to the airport. Sheesh