I think most everybody agrees with you.
I still think there’s a way to do it. But first we have to get over the fantasy that every 5 star player that goes to a football factory goes because they admire the English department.
I recently chatted with a highly recruited D1 player whose time was in the 80's.
He suggested that NIL was not the problem, the transfer portal was the problem. Coaches have to create entirely new teams every year now and there's nowhere near the comradery or development there used to be (his opinion).
He is also a coach and made this suggestion: You are recruited by a college team, say University A. And your first year there is 2024, aka Year 1. You will now receive a payout of a percentage of ALL NIL generated that year by the 2024 class and its distributed according to some calculation, but preferably more is held so that it pays out more over time, rather than all at once. If you stay all four years, you get all of it (Class 2024 and earn years for Years 1-4). But ...
If you enter the portal, now you are in Year 1 of the new school. University B. Your pro rata share of you old school is now zero. And now you are entitled a percentage of the 2025 class and the only way to get more is to stay in school and meet certain standards (e.g., credit hours, academic progress, etc.).
He believed students do need to earn something, but ... its more important to reduce the constant transfers. I thought it was an interesting concept but not sure where it goes. He is active with the NCAA, so perhaps they are thinking of something.
He did say, it's pointless to pay by position. Highly paid QB's are worthless without a line. That needs to be addressed in someway .. perhaps 60/40, 55/45, etc.