I’m afraid nobody knows the impact yet. We don’t know exactly what will come out of the House, what the Supreme Court will decide, how and when it will be implemented, and what any past reparations will be.
My opinion is that this will ruin college athletics simply to help only the top 1% (and probably only temporarily, because who will want to watch the ruins?) while ruining it for the rest. And if you think that the current P4 structure is exclusionary, you haven’t seen anything yet. If anything, maybe about half of the P4 will breakaway, and form some sort of super league where they can afford to run elite athletics, with the Title IX implications, etc. Who knows how this will affect UConn and others. Unfortunately, I believe it will be worse than it is now, and may adversely affect the great success they have in men’s and women’s basketball.
But my opinion doesn’t matter. We’ll have to see how this firestorm will work out. Get your seatbelts on!