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my one point of disagreement: Currently, associated-entities can and do fall outside of the cap. Nebraska’s restructured Playfly deals are an example. They had to clean up the deal to pass NIL GO, but they’re still an associated entity, and the deal’s now outside the cap. Because, in practice, NIL GO is approving most deals, most NIL compensation currently sits outside the cap. If PCSA passes, associated-entity would then always be subject to the hard cap. Why does this distinction matter at all? If PSCA passes and makes 3rd party NIL deals difficult, it puts diminishing returns on compensation above the $45M salary cap. So then you basically have parity amongst any team that can reach the $45M. And Suddenly Krafts job becomes much easier. Hit $45M, not some unlimited number you need to sell Donors on every year. The plan becomes: lean on the stadium revenue, cut costs elsewhere, and focus on a manageable and sustainable base of donor support to keep the ledger in the black. An optimistic take I’ll admit, but that’s best case scenario for PSU.