I really enjoy Jay Bilas' work, but I think he missed it on this topic. While 1,000+ players in the portal is not solely on him (not even close), I do think that when certain rules or mechanisms in place compromise an industry or product, some level of regulation is required. College sports had that regulation in place. Yes, players were allowed to transfer from school A to B, but they had to sit out for a year. And beyond that, there was an appeal process in place, although admittedly, it was strife with inconsistent rulings.
So, now we have a nearly free market system in place. And it is ugly. And the entire sport, which was/is suffering already, will be made worse. And dozens, if not hundreds of kids are going to be injured by it. So many won't win the game of musical chairs and will be left without a game to play or a education to earn. And all of this does not include the high school kids, who will not get the attention and offers they would have in previous years.
What do we now have a place? Chaos? Something that resembles AAU? If so, that is not a positive development.
I ask this honestly, who "won" with all of this deregulation?
My best answer (at this time) is no one.