Yes, I was a bit confused by your comment, but do agree with the pay system not happening. As far as compensation for likeness - games/jerseys/etc. - IMO, they are simply a number... a member of the collective, amateur team with revenues going back into the team which propels it for future success helping attract more students/professors/athletes.
It's a two way street - you play for us & we'll set you up for success, BUT we own your "image". I think it's a fair trade off all things considered. That's about as simple as I can summarize my stance on it.