I don't see the University Presidents just ceding their football colors to a professional league. That seems a bridge too far. But hey, 5 years ago where we are now would have seemed a bridge too far.
That all said, if the NCAA cannot maintain basic eligibility standards (must be a student, must get minimum grades, must not be a former professional, only play a certain number of years), then what is the point of the NCAA? You don't need the NCAA to establish rules on the field, TV deals, refs, etc. The conferences already do all that anyway. In my humble opinion, these latest court battles may well determine the NCAA's very existence and relevancy in major college football.
I don't have a problem with a nail in the NCAA coffin when it comes to major college football, but is there anything that replaces it? I continue to advocate for a commissioner with powers granted by Congress to regulate the sport without antitrust and Title IX considerations, and with specific jurisdictional grants of authority in the federal courts alone to remedy disputes in this arena. Anything else is just more of the same.