Reasons that this would never happen.
1. The revenue sports support the non-revenue sports. You think Title IX was bad for these sports.
2. What would happen to girl's sports?
3. How would facilities be updated? (all by donations?)
4. Separation between state schools and private schools.
5. What about the schools in states that have no state income tax?
6. What incentive would students have to go to a less paying school?
7. Would coaching pay (including assistants) become astronomically high?
Suggestions for paying student-athletes.
1. Free education for life from any institution in the system. (Trade school, Bachelors, Masters, Doctorate)- Emphasizes student part.
2. Free medical for life.
3. Increasing salary for each year played. Invested and distributed upon leaving college (only for revenue sports). Incentive to stay longer.
Ex: 1st year - $15,000 2nd year - $20,000 3rd year - $30,000 4th year - $40,000 5th year - $45,000
So a redshirt senior when he graduates would have $150,000 invested for their future, free medical for life, and a endless free education.