The house settlement was supposed to be an effective 20.5M cap with a clearinghouse making sure that any player NIL money going above that cap was for legitimate sponsorship payments. If NIL payments didn’t make it past the clearinghouse as legitimate then that payment went against the cap.
As I recall someone threatened to sue and they stopped enforcing it. Which is strange because it wasn’t an NCAA rule, it was a legal settlement approved by a judge.
