CFB as we have known it is dead.
Maybe in Big 5 FBS, but perhaps not in all those in FBS.
For example, what effect does it have at Ivy League schools, which do not offer athletic scholarships? How much NIL is there for the ne'er-do-wells in the Big 5 leagues?
What about FCS, Div II and Div III?
Seems to me that some schools, where they are more interested in cash & championships than educating college athletes (e.g., SEC with 1 year schollies, as opposed to B1G's 4-year schollies), are the ones driving this change. It appears that institutions with integrity will lose recruits to those with fewer scruples.