https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4345946#:~:text=This%20Article%20provides%20a%20detailed,concludes%20that%20they%20do%20not.
This article seems to think not. But seems to think further legislation might come.
To me it all adds up to sports of lil interest getting eliminated. Schools aren’t going to pay a cross country runner or swimmer a salary. They are going to use the money on sports with media and fan interest and that bring some high public profile to their school.