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This would actually greatly benefit the schools by 84david
The year to year free agency is not going to be accepted by the employer.
I see there being an NFL-style salary cap, and quite possibly 3-4 year contracts. In addition, the ability to fine players for on and off the field antics (including bad grades).
The players can negotiate practice hours and off-season workout hours and a percentage of revenue.
The NCAA can't enforce anything currently because every rule will be overturned by the courts. Once there is a CBA in place, they will get enforcement powers back, within limits.