That's always been the dream, right? That common sense would eventually prevail, and we'd return to a system that better preserved the myth of the student athlete. I don't think it will happen, at least at the highest level of the money sports. I do think there will be an opportunity for those not electing to continue to buy into that system, but the schools that take it will soon be forgotten in the national consciousness. Perhaps the more interesting question is how long will power conferences be tolerant of schools like Boston College that don't invest in their athletics and instead are a parasite off their more successful conference mates.
I don't see schools opting out of receiving tens of millions of dollars annually. I do think there's a chance that some of them will get "voted off the island" though.