I read a great book on this in the late 90's. A former Northwestern (if I recall) player suggested doing away with the charade of college athletics and officially affiliating college teams with pro teams. For example, Pitt could be the Steelers minor league team. PSU could be the Eagles minor league team. Rutgers for the Giants, etc.
The NFL teams would cover all the expenses, INCLUDING tuition for the kids, 95% of which will never have a cup of coffee in the NFL. So you still have the notion of student athletes, but without the NCAA heavy handing things. I think he called it the age-grouped-professional league or something like that. It was a great read. I'm gonna try to find my copy and re-read it, as it was very prophetic.