their other employees. This is where it is likely headed: players become employees of the school, unionize, and collectively bargain the terms of their compensation. Honestly, this is the best solution to the current chaos. Follow the pro model, which includes employment, unions, and collective bargaining. Allow players to partner with businesses in exchange for the player doing a legitimate service for the business. Make fan and non-business related booster contributions illegal, meaning shut down the fan collectives.
Run it similar to the pro model. That’s what these P4 players are anyway. Tier 2 level pros.