First, as I mentioned above, there can be a "market" for anything if people are stupid enough to create it. And, in my opinion, the majors are stupid to create a market for 17-year-old football players because there is no advantage in it, really. Because they will all just cancel each other out. UT is not going to build a better roster than Georgia or Ohio State because of NIL in recruiting, though feel free to pretend that we will. Beyond that, bribery contests for high-school players is unseemly and unethical on the face of it.
College football players are already paid for their efforts--and rather handsomely--in the form of a free, four year college education--and for a lot of kids nowadays it extends to five or six years and they can even get a graduate degree on the university's dime. You do realize that a free college/graduate education is worth a helluva lot of money? Probably in excess of $250,000 over four years, everything including. And it would be more than that if they're able to earn a graduate degree because they were redshirted or had an injury redshirt/covid year, etc. How come this is never mentioned by the crazies? I think because the college/academic side of alll this doesn't register with them--because most haven't been to college. All they know and see is the football.
There are probably high-school football programs around the country---think Texas, for one--with fans/administrators crazy enough to offer money to 12- or 14-year-olds to persuade them to attend and play for their team as opposed to a rival. It would be stupid and unethical--but certainly it could be done.
Sure, I hire people to play piano at parties on occasion. It is free-time, part-time work--like cutting grass or shoveling snow. That is not college football. College football is a sanctioned sport sponsored--made possible by--the university. Football players can't play football for money on their own and get paid for it. They play it only because it is a university-sponsored activity--and they are full-time university students. If UT didn't have football, and they weren't a student at UT, they of course wouldn't be playing football at all.
Who exactly is "profiting" off the "hard work" of the football players? The only ones really profiting, financially, are the head coaches. The others who are profiting are all the student-athletes who participate in the 15/20 non-revenue sports at UT and other colleges. It is football revenue that sponsors all those sports, which do not make money and never will. Football revenues are plowed back into the athletic department--into stadium improvements--and essetially fund much of the athletic department. Some athletic department money goes to the academic side as well. So, nobody but the head coach is directly "profiting" from the games. It's a myth. I'm glad that we have a bunch of good Olympic sports teams at UT, made possible in part by football, because they enhance UT's overall reputation--as they do at all other universities
European soccer academics are not schools--and the kids are not paid. They may get stipends for certain expenses, but they're not paid, I do not believe.
NIL was not--not--conceived as a recruiting tool. It was conceived---by SEC states, originally (how funny)-- to compensate existing student-athletes for the use of their name, image, likeness. Fair enough. It's been corrupted and devolved into a recruiting tool because programs and their boosters are crazy. That is a word that ever more accurately drives college football. It is why A&M will spend more than $100 million to fire one coach and hire another--idiocy of the highest order, and all to win a few more college football games.
If the majors are allowed to carry on with NIL bribery in recruiting, then fans can be free to send their hard-earned money to a collective so that it can bribe some gangly, pimply tight end to UT, in the hope--and it will only be that--that he might develop into a player good enough to help us beat Ole Miss or Kentucky or whomever. I won't do it--but plenty of zealous fans will because they care excessively about college games.