The bill could open the door for federal standards for NIL legislation, superseding the current state laws that provide guidance on player compensation. SEC commissioner Greg Sankey said Wednesday during an appearance on "SEC This Morning" that he had no knowledge of a pending executive order.

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The Trump administration Thursday released a long-anticipated executive order on college sports, an attempt to provide federal guidance to the wild world of big money that has transformed collegiate athletics in recent years.

The White House's announcement calls for federal action to "restore order," citing the patchwork NIL laws in place in individual states. It also asserts that some universities are relying on outside supporters to field rosters worth more than $50 million, particularly in football.

The guy who spearheaded efforts to bankroll a Texas Tech football roster is also advocating for regulatory spending in college sports? Ok.