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what materially changes, to the "fan?" by MrE

End result for CFB - and the user experience - would seem to be:

-Players coming to college to play football for more than academic reasons, or with little care to academics. Some will come for both, still.
-Players getting paid to play at major college football programs.
-Expanded playoff structure to increase total revenue.
-Player movement between teams, with some regulation, and with risk of being cut/released.

Don't we already have all of those things? And for decades on 3/4 of those items.

And,
-Less crap matchups against Bowling Green, North Texas, et al.
-More high-valued games (=TV revenue and other FRR) amongst the Major CFB League's 50 or so teams?
-Reduced spending on coaches, bloated admin staffs in the Athletic Dept and facilities and amenities.

I'm guessing fans will adapt, and consume.

EDIT to add: I'd also include increased gambling and fantasy football revenues that throw off millions of dollars of new revenue per program.