I do think that college sports – mostly, as you note, big-time football and basketball programs – are in the midst of massive change, due to not only NIL (name, image, likeness) payments to athletes (which was not even a thing until four years ago), but also the “transfer portal,” another new wrinkle, which has made it far easier for student-athletes to move from one school to another. The combination of the two has given the athletes far more power than they used to have.
The sense I have is that a lot of coaches and administrators (and fans) aren’t thrilled with how things have changed, and the programs are still navigating how best to operate a successful team now.
My suspicion is that things are going to continue to rapidly evolve on their own anyway, and until that dust settles, it’s hard to know exactly what a good solution will be.