I think it's an interesting concept, definitely worthy of exploration. One potential worry of mine is with this quote:
Can we be sure about that? It seems to me that, once a player signs a deal with a particular agent, that agent will have an immeasurable influence on where that player decides to go to school. It doesn't seem like anything would prevent an agent from steering the majority of his players to a single school, although I suppose one might be able to prevent athletes from interacting with agents until they are already enrolled at a school.The model does not provide one school an advantage in recruiting over another
I think the system could work, especially since it doesn't require any more expense from the schools themselves, but it would have to be instituted very carefully to make sure it doesn't further upset an already problematic system.