Eventually conferences will go away.
The programs will decide they don’t need the conferences and will create their own organization and negotiate their own TV deal.
If done right, that could be a good thing.
I have proposed created a structure that basically has about 10 divisions each with around 7 teams, based on geography and traditional rivalries. That covers most of the current “Power Conference” teams.
You then have a Second-Level for the other Division 1 teams, they will play in divisions aligned with the top-level, so that covers all 130+ Division 1 teams.
And in a given season, there will be a playoff to determine which Second-Level teams get to play in the Top-Level the next season.
That's worked (sort of) for Notre Dame football but not the other sports there. It didn't work for Texas, although they did manage to tear up a couple of conferences before jumping to the SEC.