I can see some real manipulation coming. Computers. I don't see them handed computers. I see schools renting computers for them. That would meet the criteria I believe. So, let's assume they do get residuals from their names and likeness. I can see it as being a equally divided amount among all players in all sports, if actually on the team. It would cut out a lot of the walk-ons, I'd guess, unless they were added. Then there's the question of in perpetuity. Is it a lifetime question, or limited duration? ASCAP, and SAG money might be the example of how they handle it. Obviously it's impossible to keep track of all of it.
This is going to be a nightmare. Before it's over, we'll be seeing kids at Alabama running around in a Ferrari, if they already aren't.