A few problems with your math. Sidebar, it’s been reported that anywhere from fifteen to thirty colleges already spend more on “NIL,” across all sports than the proposed 48.8 million. Texas football for example made 190 million last year in revenue. Just the football.
1. The restriction on player movement can and would restrict compensation for a lot of guys I.e. Darian mensah, Damon Wilson, Coop, V. Jacobs, etc who are offered more at their third school than their second
2. The salary cap isn’t just based on football, it’s based on all revenue generating sports except women’s basketball & non revenue generating Olympic sports
3. The cap rises with annual inflation, but doesn’t take into consideration increased media rights deals or sponsorships or other monetizing dependent on player participation. One easy example of this is that the Big XII is planning to sell their football and basketball rights, to increase their value, separately in a few years since they are the best basketball conference in the country.
4. Cap would also disincentive and depress large NIL packages to freshmen
This gives the game up lol. I’m not opposed to certain limits but student athletes have to be apart of designing those limits. Football and basketball players are still subsidizing everybody else, including the ncaa itself who makes more than a billion dollars off March madness.
Even the retention pool is written in as a temporary measure that goes away in 9 years time.