Forget about multi year contracts, the portal should be a neutral zone that athletes must pay to enter.
You want to transfer? You enter the portal, it charges a 25% tariff of your previous season pre-tax NIL earnings. If you didn't get any NIL you enter for free, if you were paid 1M you leave 250k on the table. This portal tariff is than distributed to the school you departed from to dedicate to non revenue sports.
If you run out of eligibility and still enter you pay first and take your chances, I bet no 5th year hopefuls will enter.
This should cut down on portal entries and transfers.
You want to transfer? You enter the portal, it charges a 25% tariff of your previous season pre-tax NIL earnings. If you didn't get any NIL you enter for free, if you were paid 1M you leave 250k on the table. This portal tariff is than distributed to the school you departed from to dedicate to non revenue sports.
If you run out of eligibility and still enter you pay first and take your chances, I bet no 5th year hopefuls will enter.
This should cut down on portal entries and transfers.