There's an
interesting article on just this thing - and I've been making this argument for a while - although now the tables have turned.
To do it like in the NFL, you have to have a contract with a union, and currently the NCAA athletes are not unionized.
I had previously thought that the players were at a disadvantage without a union, but now I think the teams are at a disadvantage.
Think of the possibilities - some team with boosters that have lots of money (SMU) can literally buy a whole team.
With the House settlement, and players getting a cut of the revenue on top of NIL, and unlimited transfers, what incentive do they have to unionize?
They have all the power, and the teams are now at a disadvantage.
They have no control over player movement or the ability to force them to play, as the NFL does.
The NCAA has really blown this because of greed from the powers-that-be.