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Would I still be given free room and board and tuition-free access to a university during that time?

That stuff is happening now. Bringing it out into the sunshine can only help balance things out IMO.

Would you be okay with a program that pays kids an annual sum for each year of their varsity sport but is only paid upon graduation?

Yup. The most criminal example of all time was Jeremy Bloom. Wide receiver for University of Colorado and a member of the US Men's Olympic Ski team. He lost his NCAA eligibility because he took endorsement money from a company that was sponsoring the Men's Olympic Ski team.

If you accept an academic scholarship to an NCAA skool, you can make money on the side as an academic tutor. (****, my niece was making $35 an hour from the UF Athletic Department tutoring academically at-risk football players). You can also publish your own academic work and profit from it in...