The NIL collectives IMO are an abuse of the principal of NIL which is sponsorships. It should be just B2S (Business to Student).
A couple of quick points:
1) You and a few others have noted the "spirit" of the NIL. I'm not sure I understand what's meant by that. The NIL isn't a single law or policy, it's a collection of many implemented by states. And those are the laws that these collectives are following. From what I can tell, the NIL isn't really a cohesive thing -- I'm not sure how one would define the "spirit" of a policy that results from so many disparate state laws. What's the spirit of the NIL? You seem to think it relates only to sponsorships, but that feels far too narrow
2) The second clause in the Ohio NIL law states that schools "Prevent a student-athlete who resides in this state and participates in intercollegiate athletics from obtaining professional representation in relation to contracts or legal matters regarding opportunities to be compensated for use of the student-athlete’s name, image, or likeness;". How do these collectives differ from professional representation? And the law certainly doesn't suggest that the relationship should be B2S -- in fact, it explicitly carves out the right of students to obtain professional representation.
Is the future going to be that 10 million dollar head coaches go the way of the dinosaur if the key is a top financial package for the players?
This would strike me as an equitable and correct outcome. College coaching salaries are as high as they are -- and have grown as fast as they have -- because it's a huge industry without a free market dynamic at play anywhere but coaches salaries. So the money goes to the one place it can go.