Even pro sports figured out that this doesn't work. Thus the salary caps and other limitations. Keep in mind this is applicable to all of college sports. Duke basketball players get 100K, Oklahoma softball gets 150K, LSU baseball players get 75K. You get the jist.
A bunch of Texas alums think they are pulling off something big when in fact they are sinking the ship for all of us. The interest in college sports is going to plummet under this model. Who cares when only a half dozen teams have a legitimate shot at the grand prize. I've been preaching it this past few days about how critical it is for all FBS conferences to have a seat at the table for a shot at the NC. This is just another blow.
The ultra rich who can't buy an NFL team can now own their own college team.