The issue with NIL that you are missing is that the US Supreme Court is not comprised of people who are college football fans. They look at college athletes as the 18 year old tennis players who can make as much as they want and have no guard rails as to what they can do with the money. The Supreme Court views this as an issue of free market economics. And guard rails or forced savings is contradictory to free market principles. People have a right to do dumb things. Now if those dumb things encroach upon someone else’s rights, well then there is a price to pay.
In the end there is no law or restriction which can be placed on NIL which will survive a legal challenge unless and until the issue is collectively bargained with representation for the student athletes. Everything short of that, including “presidential commissions” are nothing more than advisory at best, and a waste of time at worst.