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[QUOTE="AcAndAc, post: 5300440, member: 10310"]
This might be a good thing.  If it is the wild west and kids are getting screwed, some structure may well be tolerated by the courts because the "problem" required it.

For example, NIL funding entities could be registered with the NCAA and be an "open book" to prevent fraudulent inducements to sign/commit.  I suspect the IRS would not mind that either.  In exchange for that regulatory oversight... certain limits are imposed.  All contracts must be a minimum of 2 years and bind the student to that university for the duration.

I think they create a model of student athlete paid degree protocol:

1. Optional.   Can choose current system or degree maximizing system model.
2. The degree maximizing system model:
    a. 3 years to get an associates degree from a university, 3 years of eligibility.  Once degree is received, free to transfer without restriction--whether it is 2 years or 3 years.  Contract 1.
   b. remainder of 5 years to get bachelor's degree... the other 2 or 3 years.  Contract 2.  
   c. For any student athlete with a bachelor's after 4 years... they get a 5th year and another    opportunity to do a Contract 3.

Therefore... maximum of three contracts and maximum of 5 years of playing over 5 years.
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