The way this
should be done, to allow for control and introduce severe risk to those paying:
- Anyone that wants to pay athletes in any capacity has to register with the NCAA and/or school they support to enable the payments. This costs money, some of which goes to the school.
- All payments are routed through the school to the player, earmarked and documented heavily. This may be taxable. A cut of it again goes to the school.
- Players cannot receive money before signing LOI with a school, or else they're ineligible.
- Any payments found under the table ban the entity paying from future NCAA activity indefinitely, player is ruled ineligible, school is penalized (heavily).
- Players cannot be employed by any entity that registered as an endorser, or any entity found within a reasonable relationship of an endorser (this could be subject to NCAA investigation to prove if it is a real employment relationship or not).
- Any legal payment made is completely-guaranteed and non-refundable, also cannot be stipulated against performance in-game.
- 2 options: either all payments received are kept in a fund until the player leaves college, or they are paid out immediately and the player forfeits his scholarship benefits (but is still counted against the cap).
- Any player who receives money is counted as a scholarship player, period. No walking-on and getting paid to do so.
- All payments are tracked and made public. Player, entity paying, school, everything. Offers wouldn't need to be, but any accepted payment would be.
- Players are not required to, but can hire agents (who also register with the NCAA and/or school) to assist them.
- Schools themselves cannot pay players, agents, or other entities; they may only be a middleman and auditor of someone else's transactions. Schools founds filling a greater role than that are subject to severe punishment. This also applies to private schools (including public payments), and non-compliance is subject to punishment or removal from the NCAA.
Think of how much power and control the NCAA could reclaim with rules like this, instead of operating more in their currently-useless state we all know and love. I'm sure they'll f*** it up and let it run rampant and largely unchecked, but look at all of the possibilities they have with this project.
Oh, and finally: all pro leagues get rid of their draft restrictions that are pushing these kids to college in the first place.