Simply put. Players should be employees and should be paid equal to what the market suggests. Not what some former alumni believe they should be paid. I will continue to support this transition and hope GT leads the way pushing for the players to be compensated by the school itself.
I also hope GT floods the football program with cash to let them compete with the top 10 teams in the country. This is the only way forward.
It is hard to see any other way forward, tbh. This or some form of it, at any rate. If someone was a skilled musician they would be allowed to earn money while in college. They usually get a scholarship as well. The difference is that the payment is from outside the college, not from the college itself. But then, college orchestras generally aren't paid to perform. But world class concert pianists are paid directly to perfrom.
If they were software wizards, they would be able to earn outside money. Again, not as college employees, though.
Sports are different in that TV pays huge sums to the colleges for the rights to televise games. I don't like the model of them being college employees though. Let them be compensated by the AA for each school based on their negotiations with the AA.
This would allow the best programs to dominate, just as happens in International soccer today. Conferences can do revenue sharing if they so decide, but colleges within each conference can raise money directly if they wish, just as Man United or Bayern Munchen can do (jersey sales, ticket prices, local events, etc)
It would indeed bury schools with lesser revenue, as happens today in international soccer. The only way past that is a single governing body as happens in MLB, NBA and NFL. Hard to see all the colleges out there accepting that model.
Maybe we'll go through a phase where we have the NFL vs. the AFL, or the NBA vs the ABA...rival leagues who have their own ways, rules, revenue streams etc. Then maybe a Super Bowl to decide the national champ....who knows?
The REAL issue is whether athletes will be allowed to compete for their college if they aren't enrolled in school. Who is to say "no" to that proposition if the AA for that university assents to it?