Another problem with the full employer model is that it wouldn't save NU little if any money, and leaves the door open to basically eschew major college football as we know it altogether.
If they set it up such that Adrian Martinez is now an NU employee the same as Frost or or some random Prof or janitor on campus, he's going to get his football salary (stipend if you will) and still qualify for whatever benefits NU employees get. At many universities (read basically all) this includes medical, among other things, and free classes/degrees.
Which is in all honesty a pretty good deal. Although it would more or less take them out from under the protection of the NCAA and student classification. Who is to say that some rich billionaire, say Bezos or Cuban....doesn't see an opportunity to start an NFL developmental league that offers Amazon pay and and benefits, to the top 24 teams worth of football players? Maybe over coffee they talk to their buddies at ESPN or Fox about shifting coverage to this power conference that has no guise of amateurism about it.
Benefits to the player could include free education at a university of their choice, only the high school player never comes under the thumb of a University/NCAA because he signs with a developmental league that offers better pay/benefits? That's a way better deal than going NCAA and putting up with folks who say take your free books and like it, and shut the hell up.
That would more or less, put major college football back at the intended starting point, the good ole boys who are there just to play some ball in between classes (the famed student-athlete), while the folks who are really there just to enter the league are removed to make their money, be in the vidya games, and with marketing rights etc without the guise of amateurism hanging over them. They'll just get their degree like any other employer funded employee get's theirs. The universities will just get outbid for all the best football employees.