Agree after the top 50 or so schools the profits drop way off. But more to the point. Its still a complete sham. The top schools are killing it in football. While restricting these kids. Unlike in the private sector there is no capital at risk because the schools (most) are backef by the full faith and credit of the states. Coaches making $5+ mill per year and can leave at will while these kids are mostly stuck. At the lower levels its still an student activity while at the top programs its a full time job.
Those football surplus fund the required female sports so they are not under the law open to being shared. Good point about most schools, UF is different at least I think it is.
They sign a contract, nobody forces them to do so. If you are good enough go to Canada, if the XFL offers that would be another option, I bet they won't be developing players physically the way we do, nor will the offer the connections that being a success at UF brings down the road.
Many coaches can't leave without penalty, but they are somewhat over paid. Now part of the 5M is for say what we call a side hustle, making speeches, ads, TV shows, uniform contracts.
Not that I oppose some additional reforms. We should cover somewhat future medical issues directly related to your time playing, some career support later or just after you graduate. More attention to developing the total player as a person.
Lots of possiblities.