An NIL cap would do a couple things.
One, a school can tell recruits, "All we have left in the bank is..." and avoid have multi-milion dollar deals that may or may not pan out.
Two, it would level the playing field at least a little. UNI basketball is an example of a small bank compared to others. That roster got absolutely decimated. Yeah, the OSUs, Bamas, and fill in the blank schools are still going to be great, but they would have to be choosier and a few of those guys would have to trickle into other programs.
Yes, people would still get around it with cash drops, etc., but if the NCAA had the balls to bust a school with a CFP 1-year ban, you better believe there would be a lot better NIL management.
I was all for athletes getting something, but this is ridiculous. When I feel for the coaches and not the athletes it's not fun anymore.