There's a few interesting takeaways from this, and really how recent changes impact college football and the SEC in particular.
For starters, I don't see this as being the key aspect to destroying college football as we know it. A lot of what this allows is to roll back the "equality" changes forced on college football. It doesn't change the scholarship limits, but little by little, they put tighter constraints on how many coaches a program can have, how much food a player could have, and they took away (that's right, took away) cost of living stipends. In theory, this is more a step back to what college football was than anything else.
I do agree with the notion that this might put college football closer to the "edge", but in my opinion the playoff and threat of unions are on the other side of that edge to begin with. The most interesting immediate implication, is what this can do with bottom tier SEC and power 5 schools. Alabama, for instance never really was recruiting outside of those schools anyway, and unless given greater individual autonomy, doesn't stand to gain much of an advantage. Miss. State though? They potentially gain serious leverage when it comes to recruiting against the likes of South Alabama, or Southern Miss. This should do a lot to create some distance between the top programs outside of the power 5, and the weaker power 5 schools.
This to me kind of connects to the SEC Network. I fear some of the estimates are exaggerated, due to the difference between it being available to X number of households, and being paid for in X number of households. This means, it still is not a given that Alabama see an increase in revenue, since they were already making a lot off of tier 3 rights. This seems likely in the long run, but the most immediate impact will be felt by the programs (like Miss. State) making practically nothing off of tier 3 rights to begin with. The SEC network will be an immediate financial windfall for programs like that.
This is when the combination of the two things becomes quite interesting to me. To continue with the theme, an article I read on a Miss. State site said that the non-football programs stand to gain the most from the SEC Network money. I suppose the reason is two-fold, first, you can only spend so much on football, and you have to try to spend an equivalent amount in women's sports when you do that. The second is the fact that the bulk of SEC Network programming will be something other than football. So, for certain programs, it seems like there could be a better return in investment by putting additional resources into other SEC sports. This will no doubt be magnified by things like a stipend. Now the schools have the additional money to pay for a stipend for all scholarship athletes, and in doing so gain a further advantage over non-power 5 schools, which is only further magnified by the SEC Network.
What this all means is that the biggest impact might actually be felt in basketball. Even Alabama gets a much stronger pitch in that regard. Come play basketball for us, get a stipend, and play on the SEC Network...