For it to be the great "equalizer" you speak of, it would require all schools to have the same budget and a limit to what players can make. Remember these are 17-25 year old kids being exposed to large amounts of money, in al lot of cases, for the first time. With youth comes inexperience and immaturity. I know I would not have been able to handle 10s of thousands responsibly at that age. When you have walkons on a team, making very small amounts, 2-3 star players making a pittance, and "stars" making a fortune, it will by nature destroy a locker room. It will be harder to get a VFL if it is a mercenary culture. The money that has been going to venue and facility improvements is now diverted to paying the players. Also, you would have to have a revenue sharing across ALL of college sports to truly make it fair. You only think it is good because it pulls more money to this conference. Don't the other players that work just as hard get to draw from this pool. They probably come from the same socioeconomic situations as the "star" players.
The final straw in my diatribe involves the changes to the attitude toward players brought on by NIL. Can you honestly tell me that the venom rained toward Nico would be as strong as it is, from some on this site, if he weren't making $2 million a year? Think about it for a minute before you answer. Do I think that players should be able to earn money, ABSOLUTELY! Do I think ANY athlete deserves to make as much as they do in today's society, ABSOLUTELY NOT. There are other youths that have much more potential to have a real effect on society, from medical breakthroughs to Engineering marvels to the next Einstein of theoretical physics that come from the exact same socioeconomic situations that can't even attend college because they can't afford it. Please don't preach to me about how underprivileged these athletes are. I know of many young people that are brilliant, that have to end up working in a dead end job because they couldn't get a piece of paper that college "student" athletes scoff at. I can't stand the high and mighty that justify a failed institution because their school gets to win a game or two.