It will be interesting to see if fans care. If this simply becomes the richest alumni bases buying players, and college is just a glorified minor league, will fans turn off? Or maybe the fans are fine with it.
This may not play out the way conventional wisdom is leaning. Northwestern's or Stanford's alums could destroy their competition if they wanted to. I think the schools that have traditionally cheated are going to see a more level playing field. It will be interesting to see what happens to Kentucky and Baylor basketball.
I do think you will see fewer early exits, especially in basketball. College players could be making close or more in college than they would overseas, so why leave?