I predict in the next 5 years, non-revenue generation sports (ie Olympic sports such as track & field and XC) will likely disappear from the NCAA D1 landscape as the power conferences will be able to make their own rules with the option for non-power conferences to follow suit.
Expect to see the minimum number of require sports a NCAA member institution must carry to be eliminated, effectively opening the flood gates to eliminating all Olympic sports. I think the Ivy schools are the only group which will be safe form this ruling, as they will resist (they were one of the dissenting votes today). The rest of the NCAA will be severely impacted in the years to follow.
N.C.A.A. Votes to Give Greater Autonomy to Richest Conferences