Our panelists discuss the impact of a free agent transfer portal, college athlete compensation tied to revenue production value with no financial guardrails, and the prospect of collective bargaining, unionization, and “employee” status. What might employee bargaining units look like within the multisport and national construct of college sport? Only 2-3 percent of Division I college athletes will go on to the pros, propelled by their college exposure and training. How will the pursuit of attractive NIL and other cash benefits by 97% of their teammates during their short 4-year window of financial opportunity affect their educational experience? Are federal laws preempting a growing number of state laws passing their own anti-NCAA enforcement and permissive athlete compensation laws needed? Is a limited NCAA antitrust exemption necessary for control of expenses and enforcement of reasonable rules? What is the path forward?