Couple of responses to that.
I do not believe there is buy-out/opt-out. But there is supposedly a provision in the common template for repayment of money RECEIVED back to the university if a player leaves. I don't believe Xavier has RECEIVED any money yet under the common template rev-share, but this leads directly into my second point.
The second part of the response is the curious one. Rev-share is currently unavailable. Supposedly, the reason that there is a SECOND contractual deal with the Collective is that the Collective may be "fronting" money against future-rev-share distributions. This is what was hinted to me when I was DM'ing with a Wisconsin 247 poster who is an attorney.
In other words, kids on "old" NIL deals still want to get paid between December 2024 and whenever-the-House-settlement-happens-in-2025. So if the Collective gives a kid $50K now, and then once the school can hand out rev share, the first 50K goes to repay the Collective, and then all other future payments are between Wisconsin and the players directly...
The mental gymnastics are exhausting. But this is what was hinted to me, that Big 10 schools might be sliding money to players out of the Collectives, but it's really just a "bridge loan" until the rev-share deals are fully legal.
Weird.