Was it wrong in its assessment?
It's rigoddamndiculous.
First, it is borderline longer than anything I've ever posted. Which is quite a statement.
Second, it's just a bunch of crap, organized to look like an outline.
Finally, as I have posted over and over and over again, the FUNDAMENTAL problem with ALL of these restrictions is easily summarized and stated. That is, every student has the right to TRANSFER universities. Whether you are an athlete or not, you can transfer.
End of story.
No "cleverly crafted" multi-year penalty clauses in overreaching NIL deals can remove the right to transfer. And, now, no "one transfer portal window" can remove the right to transfer.
Essentially, there are three basic academic periods at most universities. Fall semester, spring semester, and summer. Regular students can transfer at the beginning of any of those times.
Then, when you look to student-athletes, it's easy to turn to NCAA v. Alston. In that case, which heavily relied on antitrust law and rationales, the Supreme Court indicated the need for a balancing test and narrowly-tailored rules if you are going to restrict student-athletes in ways that others are not limited.
In summary, the "proposed legislation" is just a backdoor method to hit back after nearly every other (non-employee-employer/collective bargaining) method to restrict student-athlete movement has failed. And, sure, now the NCAA proposes to "punish the schools and coaches" instead of "punishing the student-athletes".
I'm quite certain that the federal court system will be able to see through this paper-thin ruse.
That's it. No need for an outline. It's really very simple. Student-athletes, just like all other university students, are allowed to transfer. And no amount of NCAA pearl-clutching or sackcloth-and-ashes-lamentation will be able to justify yet another overreaching "killing a mosquito with a bazooka" effort by the toothless organization who did NOTHING about these current "problematic" issues except cry to their Daddy Congressmen to deliver a legislative approach. Which Congress is not interested in doing.
**** you, NCAA. If the NCAA enacts these "new rules", they will be struck down like ever other misguided university and/or NCAA rule has been struck down before.
Time for the obvious answer. Collective bargaining and an employer-employee relationship for compensated student-athletes. It's the only solution that will withstand judicial scrutiny.