Sometimes the cure is no better than the disease.
You’re talking about $50 bills, and NIL deals are 6 and 7 figures. They can both be poorly designed programs/rules.
I’ll give you an example (sorry…Rutgers is what I know)…
Rutgers has 2 incoming freshman next year for basketball. They both have NIL deals estimated to be over $600k. They will both be leaving after one season for the NBA, where they are both expected to be lottery picks. This would be the case at any D1 school in the country.
Rutgers students (in 2023) spent $13.5M in “student fees” to support the athletic department (which loses money - $24M at last count).
Call me crazy, but I think it’s wrong for Rutgers students to borrow money so that they can support the guys using the school for 1 year. I don’t care if it’s $1…it’s wrong.
What I would suggest: put in some sort of “inverted FAFSA” process, where students NIL money is applied to their scholarship for recovery. If a student is getting $10k for NIL and a free ride… it’s still free. If someone is making $500k, then they effectively become a “full pay” student. The scale/ratio… I’m sure someone can figure out.
The notion of that schools are “making money” is grossly inflated. A dozen or two make money. Rutgers is losing tens of millions of dollars on athletics, but that doesn’t stop them from flying the field hockey team to Oregon/Washington/LA for games that won’t generate enough revenue to cover meals.
College athletics is broken. The “revenue” narrative is overwhelmingly false, but expecting those who are profiting from the current environment to address the issues is a fools errand.