Also, the NCAA should be ashamed. There should be a bonus pool for all conference players and top bowl/conference championship performers as well as a base payment that pays in tiers based on a D1 athlete, D2 athlete, basketball player, football player, etc. It might be controversial, (it shouldn’t be) but men and women athletes should get the same base monthly payment.
I help run compensation plans for a lot of larger companies (mostly nonprofits) and a matching or vested bonus that ratchets up for key executives if they defer taking short or long term incentive compensation can be critical in keeping on certain people and having them perform at a high level. Think about what this would do for the chaos in the transfer portal. It would be akin to helping stud freshman and sophomores stay in school and from trying to go pro or transfer to a different school. Think of how many more people would stay in college if they were right on the edge of being a real pro or a dreamer - maybe if the NCAA paid them a handsome sum to come back for their junior year, they’d stay.
The TV contract money would the tricky part. I think a portion of the profits should help fund the profit pools for the various top performing athletes, but a base percentage amount should be managed to pay out the required base payment for all student-athletes.
And if a kid does shitty in school, they lose a portion of their base pay. If a school is caught for any reason, whatsoever, for violating academic/ethical codes, all base payments for all student athletes at that school are suspended for a period of time depending on the severity of the violations.
NIL is like giving your kid sugar for breakfast because they won’t stop screaming. It’s a bad short term solution and it won’t work long term. Would be nice if the adults at the NCAA would step up.