FredCoxRocks
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With all due respect, this sounds impossible. The NCAA would have their hands full going through the approval process, not to mention the litigation that would result when millionaire/billionaire boosters' and their businesses get left out. And, as we all know how the NCAA operates, it would be an inconsistent shitshow.For NIL I would ban collectives and funds such as Dinkytown Athletics. I would make it so that only businesses approved by the NCAA can offer NIL deals for players and every NIL deal should be documented and be close to the actual value of the NIL. So for example, a national Wendy's ad is worth a lot (maybe like $500,000) whereas an appearance at a local diner should be less (like $1,000). The idea here is that players are still getting paid for their Name Image and Likeness and players like Caleb Williams are still able to get their value, but it stops boosters from directly paying players through NIL "donations".
EDIT: Dinkytown selling branded shirts and apparel would be ok as long as it is reasonably priced, but I would get rid of the donation aspect of it.
I think altering the transfer rules is the best option. Any talk of regulating how much a player makes on NIL, a team's combined NIL, or who can donate to NIL is a fallacy.
One good thing about collectives is that the money is spread out to most, if not all, players. Not just the superstars.