The NFL and NBA figured it out and put in salary caps and

other mechanisms to "fix" their leagues. The NHL was late to the party and suffered financially and MLB still hasn't truly figured it out. CFB at it's highest levels...50,000+ seat stadiums filled to capacity and multi-million dollar TV contracts shared equally across a conference, etc...is a "professional" sport. The rest of college athletics, much less so. Giving college football players 50% of total revenue would change the sport and I wonder if it would be for the better.

Back in the day, I worked with the trademark licensing firm that represented, among other entities and brands, the CBA...a nice little minor league basketball league that was a form of a feeder for the NBA. It plodded along, but it was viable. Isaiah Thomas "bought" the league and it's demise soon followed...much like he ran the Knicks into the ground. A cautionary tale. The number of schools that would be able to "pay to play" would boil down to 50-60 schools...good for them, bad for others.

Click here for link at https://www.nytimes.com/2001/03/02/sports/sports-business-pl