The article discusses the rise of NIL (Name, Image, Likeness) rights in college sports, highlighting the initial enthusiasm for athletes profiting freely, which has since led to instability due to poorly regulated collectives. These collectives, often working closely with universities, face legal issues from unfulfilled promises and questionable deals, exemplified by the Jaden Rashada case. Regulators now enforce stricter rules to prevent pay-for-play schemes, and schools are establishing official NIL channels to mitigate liability. Athletes are advised to verify funds and clear contractual terms before entering agreements. Despite challenges, NIL collectives are expected to persist and evolve, emphasizing the need for accountability and careful oversight in the future.