The idea is an alumni college football league. The league begins Feb right after the Superbowl. You can only take players who graduated from the team school. Universiies would like this because it encourages guys to get a degree.
You play at the college stadium. You pay the University to use their name and stadium. Offer discounts to the students. Players are paid. You finance it by selling shares of the team to the alumni. Ticket and TV deals later.
For me, I would love to watch guys like Kai Nacua play right now. The teams should even out because the best players would end up in the NFL. Of course teams like Alabama would have an advantage but not as great.
I've been thinking about this for a while and can't be the only one.