His interpretation is pretty much spot on. The wording is ambiguous and can't really be applied to Cam's situation. Now, this may sound crazy, but with that wording, you could literally go around saying...
Hey Auburn, I want $100K for my son to play ball there. Nope? Dang.
Hey Bama, I want $100K for my son to play there. Nope? Dang.
Hey Georgia....
And yes, they have said this wording will be addressed.