It was always pretty easy to me to get the players properly compensated without having to blow things up as much. As you said, players are open to any kind of actual NIL opportunities in the true nature of what that means. Guys like Tebow, Manziel, then down the line would have made nice chunks. Some other guys make some cash here and there and a guy like that pro skier Colorado returner guy who I think got kicked out of college sports for his sponsorships was fine. For something like the NCAA Football game you just have EA pay a figure and chop it up the way they are now and guys can opt out.
Just have the NCAA review the deals. If fucking Evil Phil wants to bag someone they have to be in an actual Nike endorsement. Same with Amazon for UW, etc. Not that hard.
If someone doesn't want any rules or guardrails I don't think there are any rules against playing in the CFL or whatever Arena League/XFL of the moment and asking for as much money as they'll give. But also overall there's very few well paying jobs, especially right when you start which aren't going to expect you to go to school AND PAY to go to school.
The media people and the political people who clamored about that shit for the most part never cared about college sports, just saw it as a flavor of the moment, never looked into it beyond what they were fed by their bubbles, and moved onto something else.