If a California judge approved it, it has to be a complete disaster.
I believe she told them several times that they can’t put limits on the amount of outside NIL that a student-athlete can earn. They have done exactly that (set up a clearinghouse to approve or reject outside NIL deals). She probably approved it just to get it off her docket.
The clearinghouse will be declared illegal, at some time after the first time they reject a deal.