The NCAA cannot regulate the caps or set caps on NIL. They have very limited regulatory powers. Mainly that there is comparable work or something done to warrant the NIL payments. The courts have taken most of this out of their hands. So in some ways your example could be regulated that one commercial for ex. is not worth 2 million. But that is somewhat subjective placing a value on appearances etc.Infinite. There is no 'good enough' amount of NIL; as the rules are, more is always better. If a school comes up with $1B then some other school will want $1.5B.
Problem is it's still the wild west. Honestly I think the NCAA should set some revenue sharing cap above the $20.5m limit--maybe, 30? And then put something in place to regulate NIL such that it's only legitimately NIL. I mean, what happens if the IRS decides that Bob Valley Chevrolet's $4M expense to pay the Bob State QB wasn't *really* for those five tweets to his 600 followers? They reboot the whole system *again*?
The NCAA cannot regulate the caps or set caps on NIL. They have very limited regulatory powers. Mainly that there is comparable work or something done to warrant the NIL payments. The courts have taken most of this out of their hands. So in some ways your example could be regulated that one commercial for ex. is not worth 2 million. But that is somewhat subjective placing a value on appearances etc.