We could compete with the likes of Texas who was for years the wealthiest program in the country because there was only so much value they could get from their last few million dollars. They literally had to manufacture ways to unload some of that money. With the ability to pay players it shaves that last $20M off of everyone's war chest so it helps the richest of the rich get value again out of their historically bloated budgets. They have to be wildly enthusiastic about all of this.
I agree that adding another step-change cost for everyone definitely favors the rich, more than the arms race in which the rich were mostly adding to their excess.
The biggest issue is tightening the belt to pay for athletes makes it even more difficult to keep salary driven coaches
On the other hand, a capped player compensation environment can mitigate some of the advantages top programs have always enjoyed in player acquisition.
I think we’ve already seen some of that impact with less stacked blue bloods
That, in combination with competing against similar schools for the new access that has come from CFP expansion, makes the football side for coaching tenable, if not improved
If the sport was ever taken over by a singular force-profit entity, that would be interesting. I think that entity’s pursuit of profits would mandate spending caps