The way that college football is trending you may have a super conference of about 30-40 teams in it. There are already discussions to do this at the NCAA level along with discussions with the NFL. Basically all of the premiere talent will be allocated to this super conference with all of the NIL money going to this but the NIL will go away in this conference.
The early discussions on this would be that it would be a semi-pro league where the players will be paid by the conference (schools). Where does the NFL come in this? Simple really the players would still be draft eligible in this new league. That is where the NFL comes in on this. This will also allow for players to stay for 4-years as they will be getting paid closer to the NFL minimums compared to what they are getting paid now. Right now the NIL is a top heavy payout where the majority of the money goes to the top few while the bottom get paid just not all that much. This also gives the players some insurance for their health while playing. The schools are not required to pay for medical expenses for injuries sustained on the field right now. The players are not considered employees of the school so they don't have any obligations right now to pay though some schools do pay for injuries that occur on and off the field.
The getting paid part here is the reason why the NFL needs to get involved as they would need to amend their rules otherwise these players would become free agents instead of being draft eligible as they would no longer be non professionals entering the league. The NFL wants to keep the gravy train of money from the TV deal for the draft to keep coming in and if this new super conference that will be paying players means all of the superstars are no longer participating in the draft well that is a problem for the NFL. It is also a problem for the NFL as it loses the cost control of the players at a younger age. If they are considered free agents they can sign for a higher amount. So this is why the NFL is involved in creating this super conference.
What benefit does this do for the NCAA? It fixes the NIL issue and the paying of players. It is now a simple and easier transaction that the league can follow and control. Another benefit for the schools is they no longer need to give out scholarships as they would now be paid employees instead of some weird employee student athlete situation that the players are in now. It also reduces the cost for the schools as they will no longer have to house or feed the players. This would all be on the players to find and do themselves. No more special treatment for the athletes at the schools. The transfer portal will also be closed and will only be open on special circumstances. Meaning the player will have to opt out of their contract and pay back any money they have received for the next season that they have been paid for.
The schools that don't want to or who won't participate in the new conference can still have a football team but I think they will be limited to only local TV rights and only NIL money that the players can find. Basically it just expands the D3 school list for the teams that won't be in the new super conference.
The super conference itself will be 30-40 schools from the B10, SEC and other conferences. I wouldn't be surprised if there is a fee to join also. Recruiting will also change but I think this is for the good as it should even out the talent around this new conference. The biggest benefit would be the removal of the transfer portal. If you want to leave get ready to pay for any money received for the next season and possibly finding yourself in the D3 with only NIL money to count on and your draft prospects being a late 6th or 7th round pick at best.
The more I think of the super conference the more I like it. It should fix a lot of the issues that people have with college football.