I think this is a very doable, sensible action, although it doesn't directly take care of the PED problem. Indirectly, however it would make it less "necessary" for over-the-hill fighters to continue hanging on for that last paycheck, particularly when the only motive is paying off debts. Thus, reducing the probability of a washed up fighter getting seriously hurt. Old fighters might also be less prone to try and extend their careers through their own use of PEDs.
But a big portion of those billions should also go toward testing for PEDs. We seem to find a million excuses as to why it can't be done.... but what we need is someone with the gumption to say "Let's just do it and see what happens. We'll tweak the system if needed as we go."
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