The power 5 schools have been talking about splitting from the NCAA for a while now, and this may be what shoves them over the edge.
Power 5 conferences plus ND, and maybe the service acadamies, and a handful of competitive G5 schools like BYU, Boise st, Cincinnati, break away to form their own association.
Top non-football schools from the Big East, MVC and WCC may get to come along to keep the basketball tournament as close to status quo as possible.