The order aims to ban "pay-for-play" NIL deals, mandates scholarships for women's and Olympic sports and threatens to withhold funds from schools who don't comply. But its legality is in question.

President Trump on Thursday introduced new rules for the NIL and revenue-sharing deals that have shaken up college sports in recent years.

President Donald Trump waded into a debate over the influence of big-money payouts in college sports on Thursday, signing an executive order adding federal government scrutiny to the practice.