In the end there are only so many pro jobs. The market will bear what it can. It is a basic capitalist system. You will never get the genie back in the bottle on NIL. Making them employees does not negate NIL it only adds yet another revenue cost.
The NCAA and the courts won't limit transfers so that really only allows for schedule changes imo.
I'm not proposing a solution, just pointing out what the real problem is. When an NFL team signs a deal with a player the deal is a price, for a time, with performance expectations and penalties. NIL is being used as pay for services, but without any of the guarantees, penalties, or performance mandates. That is a formula for trouble and trouble is what we're getting.
Employment doesn't eliminate NIL, but it will relegate it to second tier. NIL is being used to get around the inability to pay, but if you could pay you wouldn't be using NIL. There is zero chance that a high school 5* OT's NIL is worth to a company what he's being paid, so NIL drops to something more appropriate to its value.
I love Nico, but I seriously doubt he is generating $10M in revenues to the companies he's hyping, and to be worth $2M annually, he's got to be driving much more than that in sales. Maybe I'm wrong, but that would have to be a *lot* of beets. And even if Nico is driving that much business, I assure you the OT being paid $1M isn't. He's ultimately being paid because the businesses of Knoxville make far more when UT is good, and they know it is worth money to them to keep UT good. That isn't really NIL.
"Hi. I'm Nico Iamaleava. When my parents come to town they always stay at The Tennessean. Now I know most of you are poors that can't afford it, but just think how nice it would be if you could. Go Vols!"
Um no. The majority of The Tennessean's demographic probably don't know who Nico is, but I promise the hotel owners well know how important UT's success is to their sales. So there is a strong justification to invest in the program, but NIL may not be the best vehicle. If athletes were employees, I think NIL will still matter, but not be the primary motivator. Look at the NFL. How many guys do you see in ads? Very few.
JMO