Spin the teams off as for-profit entities.
License the school name, logo, colors to the for-profit entities (for a very hefty sum that makes a lot of money for the schools).
Charge the teams rent for use of school facilities.
Pay the players. Let them elect to take classes if they want, but end the fucking charade.
Let the gravy train roll on.
I'm sure I'm overlooking some troublesome detail, but I don't see why something like this wouldn't be workable.
License the school name, logo, colors to the for-profit entities (for a very hefty sum that makes a lot of money for the schools).
Charge the teams rent for use of school facilities.
Pay the players. Let them elect to take classes if they want, but end the fucking charade.
Let the gravy train roll on.
I'm sure I'm overlooking some troublesome detail, but I don't see why something like this wouldn't be workable.