On Pat Harty's hawkfanatic radio show on KCJJ this morning, he interviewed Bard Heinrich, the head of the university's NIL arm, the swarm collective.
Brad said that the swarm could pay for the tuition, room and board and then some for anyone that wanted to walk on to the women's team, or other sports. He further said they could afford to do it for more than one player. So no scholarships would have to be taken away to bring in new players. These so called walk ons could then have their own NIL deals to bring in more money on their own.
An interesting side note, for me anyway, was Brad pointing out that some schools have billionaire supporters funding collectives with millions of dollars and that Iowa doesn't have that. Also, that basketball schools with no football programs only have to have NIL money for 30 or so athletes between men's and women's basketball but schools like Iowa with football program are funding for 150 or so and it is just harder to spread the money around.