I believe a contract is a contract. You play until your team is finished their season, and that includes a bowl game. If you get 1 cent of NIL money it should be mandatory that you play if your team makes a bowl game. If you do not play then you should pay back 100% of your NIL pay.
FSU did not make the final four because the QB got hurt and can't play. If a team in the final four has a QB that decides to not play, should that team be disqualified?