Wow, another great win for SMF. From the article:
"The longform agreement also includes stricter rules on NIL, though how those will be enforced remain unanswered — and the NCAA and plaintiffs have yet to agree on an arbiter. NIL agreements over $600 will be subject to review by a clearinghouse to ensure they are legitimate, fair-market value agreements that are not used in a pay-for-play scheme. How the autonomy five schools will police NIL is to be determined, and it's not clear if enforcement will be handled by the NCAA or the conferences. Schools will also be allowed to pay players directly for their NIL, however doing so will apply toward the 22% revenue cap. Outside parties will continue to be allowed to strike separate NIL deals with players. "
The House folks must read this board because I literally proposed the same thing. This sounds like good news for Pitt and also college football fans who wont be coerced into paying player salaries.
From what I gather, the salary cap for football players will be 22% of revenue though I'm not sure if that means Pitt can pay its players 22% of Pitt's revenue and OSU can pay 22% of its revenue (obviously much more than Pitt) or how that works. But this certainly sounds like the current player salaries paid by fan collectives wont be allowed anymore. Well, I mean, you cant stop fans from paying players if they want to but there will be some type of eligibility penalty for the player for being paid an above-market deal. Lets take SMU's billionaire "owner" for example. He cant pay some 5 star QB $5 million to volunteer at an animal shelter. That's the shit that's going on, not SMU necessarily but deals like that.
All NIL deals over $600 will have to be run through a clearinghouse to ensure they are fair market value. Of course, does this just mean fan collectives just pivot and pay players $599.99/day or whatever?