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the NCAA provides said player with a scholarship by jt

that scholarship does have a value to the player. I do not believe that the school owes that player anything more from a compensation standpoint.

Now, as pointed out elsewhere, if the players can profit off of image and likeness I would expect that the schools would get out in front of that and set up relationships, etc. that would enable to players to maximize their image and likeness value. A school like Notre Dame that has such exposure already as well as a "40 year" education value would stand to be in a very good position in such an environment.