If it is not reeled back in, they will create a de facto Minor League system for the NFL of about 20 or so organizations that have the resources and the will to do this. At some point, those schools will create a new "conference" that is Nation Wide, completely untethered to the NCAA.
The rest of us will settle into a system that is governed by the NCAA with reasonable caps on NIL and stricter transfer rules to protect competition.
That would be ok with me.