Perhaps this will drive universities to focus much more on academics and use sports as a means to enhance physical well being and the character of its students as they prepare for more traditional careers. Will be more like club sports. Relatively low cost … but no longer a major distraction. Will also find ways to cut bloat and reduce the major arms race expenditures on athletic facilities.
(Maybe for some. I bet a few will really lean into this type of ruling and be more like, and care more about being, a professional sports business, than a university.)