They’ll have their own postseason tournament and full control over the media rights. They also shouldn’t have problems with ponying up for players and providing them with significant benefits. That’s why they’ve been taking steps to separate themselves already.
They can take whatever steps they want up to, but excluding, separation because the moment they do, the players will no longer be considered "amateur" on paper and media money will dry up, because interest will dry up. In North America, spectator sports are popular because those playing them are the best. The NBA are the best basketball players in the world. NHL? The same. MLB? The best. NFL? No contest. People watch college football because the players are the best under a ceiling that prevents them from try their talents in the NFL until 3 years after high school graduation.
NCAA revenue generating sports are a pro feeder system. Why would the NFL pay for free development? Even the NBA said absolutely not to 18 year old kids making 8 figures. Prove a year in the G League (A pittance of coins, but no exposure) or as a Duke freshman (exposure with potential for windfall.).
A league tried to become the NFL's farm system a few months ago, and one is about to within the next few. Both were and are looking for some sort of adoption by the NFL, who told (are telling) them to pi$$ up a rope. Heck, the NFL disbanded their own farm system (NFL Europe) because better and younger talent was coming out of college.
In a perfect world, that would not change. Otherwise, you get what you have between MiLB and the AHL vs. the college system, where neither the minor leagues nor the college conferences get the fat media rights, because he best players are scattered throughout multiple leagues.
Right now, the P5 are pigs. They complete the severe? They instantaneously become hogs.
I guess all that being said, if UConn does not get a spot along the trough AND the P5 remain pigs, then yeah. I hope the P5 does separate. Blow the whole thing up.