In NIL stalemate, Cruz insists new $48M cap would be a hard cap. SEC, Big Ten not convinced‎

One key difference between Senate negotiators and the conferences still holding out on proposed legislation to regulate college sports is whether language in the bill would truly create a “hard salary cap” that would eliminate many third-party payments that have sent roster costs skyrocketing. The Senate broke for the weekend late Thursday without taking action on the bill. It would be added to the $21.3 million salary cap already in place to make the new number $48.8 million.