The first time someone tries to claw back the unlimited transfers, someone is going to sue (and win) in court and it's not going to have any teeth.
Congress has to act and write legislation granting the NCAA ultimate governing authority that will withstand legal scrutiny. And that will happen before much longer. And I think that will be the first domino to fall in what eventually leads to the bigger powerhouses forming their own league and breaking away from the NCAA.
Im not arguing semantics or anything, but I dont think there will be legislation naming any particular organization as being the governing authority, unless an actual government agency is established (yikes!!)
Any potential legislation will likely just set up ground rules to follow to avoid anti trust liability, and will allow for the schools to have a governing body such as the NCAA and the CSC.
People always seem to forget that the NCAA IS the schools; its not some separate entity that has hijacked college sports. Its is controlled by the college presidents.
There has always been tension between the big money schools and the smaller schools, and that tension has grown as the money grows. So, it makes sense to have different sets of rules based on finances, and you let the schools decide which level they want to be at.
I wouldnt mind the big schools leaving to do their own thing. Im just not sure how beneficial it would be for them. Maybe the current level of interest would transfer with them, but maybe not. Part of the fun of college sports is the David and Goliath matches.
As im typing this, Duke is having to mount a comeback against Sienna. Who wants to lose that spectacle?