Option 3 is definitely the path of least resistance in terms of long term consequences. That said, I fully expect the NCAA to aggressively threaten Option 1, t

Option 3 is definitely the path of least resistance in terms of long term consequences. That said, I fully expect the NCAA to aggressively threaten Option 1, then back down when it becomes clear that they'll just lose out on all the revenue of that new league/competing governing body, which would have no trouble growing as schools that don't make a ton via the NCAA system looking for a recruiting edge race to join (a funny subplot for anyone who follows this sort of thing: how fast would SMU race to join a governing body that lets players sell their endorsement?). Then, they'll settle on Option 2, which allows them to do nothing and blame others for the fallout, despite it being the worst of the 3 options for all non-NCAA bureaucracy stakeholders.