Crowdfunding campaigns have popped on the internet to help Wiseman pay the monetary punishment ... with Williams and the Game Seven organization raising nearly $5k so far.
But, our sources tell us the GoFundMe cash won't fly with the NCAA.
As one well-placed source put it ... "Generally speaking, a GoFundMe would not satisfy a repayment requirement. The student-athlete and his or her family are responsible for making the donation, and that donation must also be in line with NCAA rules."
In other words, taking the GoFundMe money could lead to more problems for Wiseman.
The silver lining?? Those donations from Williams' GoFundMe won't be all for naught -- they'll still be going to charity ... and Wiseman will still be RICH when he gets drafted by an NBA team next year.