As long as they remain apart of the NCAA and the same umbrella as the rest of college athletics, college football will be tied monetarily to every other college sport. The legality of Title IX makes it virtually impossible to not provide the same thing to women's sports as you do men's, and in turn treat all sports equally.I feel like it won't happen if the bowling team (just for example) gets paid out the same as the football players. I believe you will see some schools get in serious financial trouble or will begin to challenge the need to carry multiple sports regardless of male or female involvement. Throw in added cost of travel now due to coast to coast coverage of the conference and this may get out of hand quickly. The value of the scholarship MUST be applied, it's a joke to get all the benefits for the student portion of "student/athlete" and claim it holds no value to the athlete.
IF they even the playing field to regulate total amounts players can receive to a consistent amount across the board for football, it can work. I always thought the point in the beginning for NIL was for the player to make money on the side for themselves, not to hold schools hostage if the school cannot come up with perceived/estimated value of a specific player. This doesn't even take into account not playing a snap after getting injured or transferring within a year after getting the deal.
As I outlined, I think this will end up hurting the star football players the most. I'm not sure what type of money the average D-I college player brings in, but I'd have to assume it isn't higher than the $30k that is outlined in this proposal (I could be wrong). This means it would benefit most athletes and would likely benefit the schools. It isn't a capitalistic approach, but it might be the solution that provides the most stability. I'm not sure.