FWIW, at ISU the AD officially seems to be ignoring the NIL situation. A fund has been established, but the university appears to have nothing to do with it. Just the opposite: This year membership in the various Cyclone Club levels took a big hike.I think you have it right. I don’t know how it will work out, but the question of what they’re gonna do with all this money is a good one. I’m pretty sure the answer will be at odds with their mission statement as a public institution of higher learning.
It gets a little confusing. The Gridiron Club is also separate -- funds go only to football -- but it's channeled through the ISU Foundation in order to maintain institutional control. As I understand it, institutional control of the NIL funds is illegal.