And there is it...he doesn't support the bill because it doesn't meet his virtue signalling requirement for paying economically-baseless loads of cash to college athletes. He's not alone though...other media talking heads and posters in this thread have brought up the same thing. IMO, the virtue signalling is what will kill the bill, rather than the actual merits of what the bill proposes to do.
Quite often, college coaches who end up getting "blockbuster" salaries get those in part because they are getting looks by the professional leagues, and those looks (whether just rumored or actual) are putting upward pressure on the salary bidding war. So, the salary has at least some basis in real economic market value.
Is that the same case in college sports now, where "Daddy Warbucks" donors pile money into NIL collectives so their favorite college can buy teams? Maybe in a few cases, but in my opinion, usually not. Milan Momcilovic is a great example of this. Outside of the artificially-created college eco-system, is MM worth $ 6 million a year? Was any other basketball league willing to pay him that money?
I think in the college sports eco-system, the vast majority of the risk is taken by the schools. They have to take the loans to build the facilities, they have to pay salaries to keep coaches out of the pro leagues, they have to provide food, medical, housing, tutoring, transportation etc. to the athletes. Seems fair to me that if you take the majority of the risk, you should get the majority of the compensation. And it is certainly debateable whether the risks taken by the colleges are wise and actually within the scope of the mission of the college...like building 100,000 seat stadiums and paying coaches $10,000,000/yr. I don't think the way to control outlandish spending by college ADs is to pay artificially-inflated salaries to college athletes.
I asked google whether it was riskier to play college sports or to go for drive in a car...the answer could be totally wrong, or maybe it isn't...
Driving a car presents a significantly higher risk of serious injury or fatality than playing college sports. According to the National Highway Traffic Safety Administration and the National Safety Council, car accidents cause millions of injuries and tens of thousands of deaths every year. In contrast, while NCAA sports carry inherent risks, serious catastrophic injuries are rare