I think it's an evolution that is going to happen. When they do leave the NCAA they will probably realign again into geographic regions/leagues and have some type of 8 or 12 Team playoff system. Where does this leave ND? lol, they may have their own league and just make the playoffs every year. I'm sure ND will be included. They are a big enough draw.
Just posted about this in the college football thread. About a decade ago I went to a luncheon with Jackie Sherrill as the guest speaker. He called this realignment down to 4 conferences back then. The additional prediction he made was that the 4 super conferences would leave the NCAA and govern themselves.
He sounds like he'd be more useful to the Bulls as a bench guy than as a trade chip. Or maybe he'll help fill the gap of someone else who is a trade chip.