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Again, "signing contracts with schools" will directly lead to classifying student athletes as employees. If you love college athletics, that is the very last thing you want. Universities cannot afford this burden, especially given how many of them are in financial distress. Most universities will completely shutter athletics programs as they are already revenue-losing ventures. Every university will drastically cut back programs. Entire sports will die overnight.My prediction:
Revenue sharing comes in, but courts don't let them restrict 3rd party NIL without collectively bargaining. Revenue sharing has a cap, but the 3rd party is uncapped. So much of team's budgets are similar, with some teams able to outspend.
Players begin signing multi-year contracts with the schools for revenue sharing, which aids in the sport's stability and things settle down a bit for at least the core of team's rosters.
The current and very tenuous position is that students athletes are students and not employees. If anyone on this board does not fully understand the drastic consequences of classifying them as employees and why the NCAA/universities have been fighting so hard to keep it this way, then you need to read up on this before continuing this discussion further. It literally is the linchpin in this entire discussion.