Pay for play is not "months away". The NCAA steering committee will make a proposal this summer, but I would be surprised if pay-for-play is going to happen soon, if at all.
Last year both BYU and Miami announced NIL deals that applied to large groups of players. Both are being investigated as violations of the NIL rule.
If athletes are employees that opens up a lot of issues that schools want no part of and not prepared to deal with in the next 1-2 years minimum.
- Do all players get paid the same or do elite players get more? Title IX will require equitable compensation.
- If athletes get paid for participating in an extracurricular activity, how does that impact other student (grad/undergrad) workers on academic side.
- What about future liability related to injuries incurred while participating in team activities. Does ISU want to be liable for X player who needs a knee replacement surgery in 40 years if athlete can attribute it to injury or wear and tear of being an athlete at ISU.
- What about CTE? Does ISU want that liability for former employees?
The current NCAA model is far from perfect. But it represents pure socialism. In full scholarship sports, the worst player gets same benefits as the best player. A full or equivalent partial scholarship is equitable between men & women.
If pay-for-play happens, you will definitely see universities opt out. Take an Ivy League approach or similar to what we see in DII or DIII from a financial award perspective.