In a sweeping move that could reshape the landscape of college athletics, a presidential committee has unveiled a bold set of proposals aimed at tackling the financial turmoil gripping the sport. The committee, formed following a White House summit in March, is calling on Congress to act swiftly to create a task force with the power to overhaul everything from media rights to coach salaries.

At the heart of the draft document, obtained by Yahoo Sports, is a recommendation for a task force that would receive an antitrust exemption and the authority to override state laws—powers that the NCAA and other collegiate sports leaders have long sought. The urgency is clear: President Donald Trump warned during the summit that the "whole educational system" is at risk if these issues aren't resolved.

The proposals read like a laundry list of college sports' most contentious debates, all of which have intensified in the revenue-sharing era. As schools struggle to balance paying players with maintaining full athletic programs, the committee has put forward more than a dozen ideas, including some that are sure to spark fierce debate.

Perhaps the most divisive suggestion is pooling media rights across conferences. While the Southeastern Conference and Big Ten have pushed back, a group led by Texas Tech regent Cody Campbell argues that such a move could unlock an estimated $7 billion in value. However, the document acknowledges a major hurdle: "There are currently long-term contracts in place that expire over the next 5-7 years (e.g., ACC expires in 2036), so change will likely be an evolution to a new model."

The committee also wants to clamp down on what it calls "salary-cap circumvention." This appears to target the growing practice of schools using third-party NIL deals—often through associated multimedia rights companies—to exceed the current $20.5 million direct payment limit. Interestingly, this issue could soon be resolved through an arbitration case filed by Nebraska football players whose NIL deals were rejected by the College Sports Commission.

Other proposals include limiting coach salaries and rewriting eligibility and transfer-portal rules, signaling a comprehensive effort to rein in costs and create a more sustainable model. For fans and athletes alike, the message is clear: change is coming, and it's coming fast.