While I like your idea of putting college in college football, it will reduce college football to...well, every other college sport...because the best will play somewhere other than at the collegiate level, and folks only want to pay to watch the best.
Football is a cornerstone of what transformed ND from a backwater Midwestern school to a national academic institution of great renown. And then after transforming the University, ND has been able to pat itself on the back about great academics + great football. NIL will leave ND in the dust if ND doesn't adjust quickly. Here's a proposal: take all of the bowl revenue ($5.5 M this year) and divide it among the 80 scholarship players who are on the team. If we could tell kids, come here and you'll have a lot of NIL, and even if you don't you'll get $68K per year, well that's pretty good.