I've long believed that the end game is that class attendance is voluntary (spelled "forbidden") for the players in an entity outside the NCAA for football, both basketball teams, and possibly baseball/softball. There will be something like 20-32 teams chosen from the bluebloods, and there will be surprises among which schools aren't chosen and which opt out. The remaining schools will be in a situation somewhere between what we have now and FCS, with a number of FBS schools returning to FCS because the money will no longer be there. It will be a mixed bag of which "have-nots" are willing to play the minor-leaguers as OOC games for the money and those who choose never to play teams of non-students.
Some of the teams will be owned by the schools just as the Universities in Mexico City (Pumas) and Nuevo Laredo (Tigres) own teams of non-students in the top league of Mexican soccer and some of them will be owned by private entities who will pay rights fees to the universities to have everything seen on game days now. For the fans of Ohio State, Michigan, Alabama, and LSU (as examples), what they experience today will be what they seamlessly experience in the future league.