Cap the NIL money. It was out of control from the start. How much does a college freshman need? $30K, say, gives any kid plenty of dough at that age, and now you get to learn how to manage it responsibility. Or $50K, whatever. Create a tier progression if you want – for example, $30K freshman season, $50K soph, $75K junior, $100K senior, set similar caps for redshirt and extra-eligibility seasons, and for career-ending injuries as long as they stay in school – and stop the craziness before it bankrupts the system. It's doing a good job of that already, and while you're at it keep the boosters out of it, except strictly for donations to the general athletic fund.
What's a kid gonna do when you hand him six or seven figures a year? Blow it on fast cars and dangerous driving (hi, Jawja) right from the start, plus other destructive behaviors that just escalate their swelling young diva brains and hurt their teams, their schools and their own futures, too.
My two cents, and YMMV. But I thought it was a ****storm from the start. Yes, the college athletes finally got that well-deserved NIL compensation, but it's still a privilege to get a free shot at college and play for your school, too. Instead, everyone just threw open the vaults from the start instead of establishing a responsible, equal but still lucrative structure across the board. What kid can't still be happy with that structure in their college years? It's still a hell of a prize package right out of high school.
It's such a cutthroat business with little restraint, unfortunately, but schools across the country now face mounting financial challenges because they've been breaking the bank from the get-go. That will not stand, will it? The money sports will be losing money, too.
Instead: "Here's your $30K, youngster. It's standardized everywhere now, but it increases each year, so welcome to the team, and let's work hard. It's a huge pile of cash at your age, so be careful, too. Learn how to budget, and put a good chunk of it into savings each year. It will go a long way if you let it, and our financial advisors are here to help."
That would have been a better path, but the horses are long out of the barn already.