I don't agree with the players getting a bunch of the revenue. If that is the way it should/will be run, they need to just get rid of college sports all together, and just have a semi-pro/minor league for these players. Especially since a lot of the elite football/basketball players could give two @*&%+ about education. Having the Final 4 Teams split 9 million dollars with their 15 players is quite honestly ridiculous.
Ryno, the current system is so cobbled together from years of the NCAA and NBA trying to protect their interests that I wouldn't have any idea how to fix it, but I don't think that the idea of paying basketball players Final Four bonuses is ridiculous. A few of these kids (especially on Kentucky) are losing a year's income because of a system that deliberately exploits their highly marketable talents. Andrew Wiggins (2014 1st pick overall) made about $5.5M this year as a rookie in the NBA. Would $500K have been ridiculous for his year at Kansas? I honestly don't know.