Yes, but my point is that's now how anything works. Much more likely that the person actually has to be out of the school or off the team at the start of next season. Also, if they immediately revoked his NIL, it's extremely unlikely he would even consider staying. More likely this was a situation where cooler heads prevailed and Gabe came hat in hand, and his situation remains unchanged.
As to Bassett, again, there's no evidence or reports of that, and it makes zero sense to do given the fact everybody knows that NIL is about to change so this was the last deal going to be given out like this by Iowa.