people are missing the forest through the trees

1) Of course players should be able to profit off of their name, image, and likeness.

2) Of course they should not be compensated by the school; they have a scholarship to serve as compensation.

3) This idea that the transfer portal and the 1 time transfer without having to sit out are things that benefit the player is a laughable concept. This clearly tilts things even more in favor of the schools, and specifically lazy recruiters and/or guys who don't have the time/energy/inclination to recruit high school kids and develop them. Right now there are close to 3,000 kids in the portal and I believe that represents 25% (or more) of available D1 scholarships. There is no way that there will be room for everyone to get a scholarship, and therefore guys are going to get squeezed.

4) All of these things bringing "free agency" close to reality for players basically enhances the advantages the schools have. Certain players/teams/positions will still make the majority of the money and it will be even easier to run kids off than ever before (encouraging kids to enter the portal, etc.).