When football finally does get broken off from the universities, it's going to have a profound impact on the remaining college sports that football money has propped up for decades.
Also, I don't know how many times it must be said, but so long as the football team is tied to a university the kinds of regulation that people want to govern the sport simply can't be done. The courts have already ruled that universities/NCAA cannot put restrictions on player transfers as players have the freedom and right to choose where they want to attend school. There is no going back to putting penalties in place or restrictions of any kind on transferring so long as the teams are tied to universities.
Nor can universities/NCAA put any limits on NIL. The courts have said they can't do it. The players own their NIL. So long as universities can't put limits on it, there is no way to prevent billionaires from attempting and succeeding in buying players.
It's the wild west until the teams break off from universities and can then be regulated as a pro league. The peak of college football is not too far distant. But that could also mean the peak of college athletics in general is not too far distant.