This will not end well.
I thought it was a travesty that they took Thorpe's gold medal away.
I thought it was unfair when American Olympians had to compete against compensated professionals.
I was for stipends.
Heck, I didn't even want to extend the college football season (ironically some of the same people arguing that these guys are taken advantage of were all for making them play more games). Having said all that, I reiterate that this won't end well.
Amateur sports exist in an environment where they are funded by people who love the sport. There's a reason more people cram into some college stadiums than many NFL stadiums, there's a reason so much money is donated. There's an entire support structure that exists in this environment. Contrast that with semi-professional sports and you'll see a lot of empty seats and bankruptcy.
Of course California is pushing this, their schools have lost relevancy, and they see it as another way to push a progressive agenda. The bill was signed with someone who never played college sports in his life standing next to the Governor. Think about that. That's kind of where this is headed, to simply undo college sports as we know it.