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The men’s NCAA basketball tournament finances the NCAA. The NCAA manages all of the college championships as well as providing some funding to Division 2 and Division 3. I can see football moving away from the NCAA as the playoff already is not managed by the NCAA, but it is unlikely the rest of sports move in my opinion.
As for the NIL issues, you can’t set up a non-profit and take a tax deduction to pay people for not really doing anything and not be scrutinized by the IRS. (The Texas model.) That has become the problem. For example, the deal that Paige signed with Gatorade are the types of NIL deals that were envisioned, not handing out money to people and taking a tax deduction for it.
As for the NIL issues, you can’t set up a non-profit and take a tax deduction to pay people for not really doing anything and not be scrutinized by the IRS. (The Texas model.) That has become the problem. For example, the deal that Paige signed with Gatorade are the types of NIL deals that were envisioned, not handing out money to people and taking a tax deduction for it.