This is fearmongering. You are talking out of your butt as you are not privy to the accounting and this notion that colleges cannot pay their players a fair wage and still make money is laughable. You act as if college athletics even including all the lesser sports is teetering on the brink of insolvency. It's absurd.
This opens a HUGE can of worms. This would give a booster unlimited means to pay an athlete whatever they wanted to. That would lead to an enormous disparity in talent among the schools as Texas and Ohio State set up arrangements totaling $200 million a year in payouts, while Boise State players get virtually nothing in comparison.
An unintended consequence of all this is that a scholarship could be ruled as compensation, which would be taxable income. How many of these kids' families can afford $15-20K a year in taxes because of that scholarship at Notre Dame? The starting left guard isn't getting an endorsement deal from Under Armour, and if he does, that becomes taxable, too.
This isn't a political forum, but unions are the only reason outsourcing is as big a problem as it is. To pretend otherwise is pure denial. And if this is upheld (3 of the 5 members of the Court of Appeals are Obama appointees and are pro-union), the ripple effect over the next 5 years will be astounding.
Basically, collegiate athletics will end. The O'Bannon case against the NCAA for using college likenesses in video games and promotions, in addition to the upcoming concussion lawsuits, will make athletics too rich of a game for the vast majority of schools.
In the end, there'll be a super conference consisting of only the biggest schools. There'll be no South Florida or Boise State or Texas Tech. I predict a dissolution of non-revenue sports altogether, which includes pretty much every women's sport.
Unions do this. Look at what a desolate sewer Detroit is, with unpayable debt and miles of abandoned buildings downtown. New Jersey, too, as well as much of Ohio.
I think this will lead to an AAU-like minor-league sports system eventually. The draft will cease altogether, and players will be signed as they are in the English Premier League. Such an overhead will result in owners having to go with team sponsors, so it'll say "Fly Emirates" across the front of Romo's jersey. College athletics is what's keeping all that at bay.
This is the beginning of the end, folks.