And no, I don't think it's a foregone conclusion that programs will always skirt the system. We don't see any of this nonsense in the NFL, for example.

I want college football to get the point where it actually enforces its rules. It was huge to see the NFL block Brady (and perhaps Caleb Williams) from holding ownership interests in teams while active players, and that would be a healthy thing for football. Unfortunately, CFB seems all too willing to ignore the violations of its favorites—either omitting punishment entirely, or coming down like a ton of bricks on a less-favored school...

Edit to add: In the long term, I also think that players will benefit more from agreed and enforced regulations. What is happening now is not sustainable, and the dangers are readily apparent (including predatory, unregulated agents; Title IX violations; unconscionable contractual terms; NIL sponsors of collectives that promise but don't pay; etc.).

It's the wild west, and CFB desperately needs a sheriff that can impose order.