In January 2024, I wrote in response to the SBJ Intercollegiate Athletics Forum, noting a pervasive sense of pessimism and a lack of structural clarity across collegiate athletics. At the time, those concerns reflected an uneasy sentiment within the industry. Today, they reflect its reality.

Over the past year, the acceleration of the transfer portal, the rapid expansion of NIL and mounting legal pressures have exposed what many now acknowledge: The collegiate model, as constructed, is no longer sustainable. What was once framed as........

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