In theory, it creates the following model...
1) Expansive, privately owned company funds a school's NIL program to the tune of $75M or more a year, enabling them to outbid everyone
2) Affected school no longer recruits high schools at all
3) The school only goes after 3rd or 4th year players. They're Dan Snyder's K-State on steroids, HGH, and every other theoretical PED. Every year they go after the top 85 seniors. They create an all-star team. Need a quarterback? Go get Caleb Williams for $12M for a single season. Or more. Whatever it takes to outbid USC. Need an offensive lineman - go bid against Alabama and watch them struggle to match. Everyone signing is there for just one year. They're all on one year contracts.
4) Repeat the same process the following year, and the following year, and the following year. All of college football becomes the farm system for this team, whoever it is.