Dick Vitale describes NIL and transfer portal in college basketball as the 'wild west'

"I think we got chaos going on in college basketball. Total chaos. The stability is out of whack. It's wild west. Do you know in one day of the portal opening, which should never, never open during the heart of the NCAA tournament, that is a joke," Vitale said.

"But the bottom line is over a thousand entered the portal, and they are asking, 'How much money am I going to get?' Everybody is chasing the bucks.

"I did a game recently. A kid (played at) four schools. Four schools. What is going on? I don't know your feelings, but I think that the transfer portal and the NIL needs some rules. They need some rules. You know it's the best free agency right now in all of sports, even if you're a pro athlete. You are a pro athlete, you have a contract. Maybe they should do contracts with kids so you can't leave that quickly."

While Vitale is concerned about the transfer portal and NIL, he did say the players do deserve to make money.

Vitale coached at the University of Detroit and talked about how, if NIL existed then, his best players might not have stayed.

"I was telling people when I was in Detroit we were pretty good, man. We won 21 in a row. We beat Marquette. We were national champs the year we beat them on their court. We beat Arizona. We beat some good teams," Vitale said.