This is better. It has structure and lays out how it all works. I like the graduation clause, but I'm sure people will complain that their money is now being withheld from them when they don't graduate, get drafted early, etc.
I don't think players need to make money considering what they receive. Just an opinion. But I'm open to the idea of guys making money off their own image and name. If the NCAA or whoever else can find a middle ground where the guys can work towards future earnings while in school and there are rules for receiving that money then that may be where this is headed and it would be hard for people to say it isn't a fair compromise. But I'm sure there will be another starving football player on a full ride going on ESPN talking about how he can't eat because his money is being withheld or how his relative is being evicted but he can't give them the rent money because the NCAA is corrupt. There really is no situation in which the NCAA wins.