Is this a requirement to pay athletes or opening up the free market with the right to pay athletes at a college's discretion?
If it's just allowing schools to pay athletes, and not requiring payment, then maybe very little will change. Some schools will not pay athletes or only pay high ranking athletes while other schools will still continue to not pay athletes and only give out scholarships while athletes earn money through NIL.
If they are required to pay athletes (which I doubt), then is the requirement to pay ALL athletes the same or will it be according to market value of the athlete? The market value of most college athletes is zero.
Let's see how this pans out. A college doesn't need to leave D1 because it chooses not to pay. A lot of kids still would prefer the scholarship route because of taxes.