Conferences start consolidating until we essentially have an eastern conference and a western conference, each divided into 4 smaller divisions. Division champs along with wild cards make the playoffs.
I don’t see this happening because the SEC stands to make more money by essentially creating a super league vs joining the lower revenue-generating schools (looking at you PAC).
But with that said, it would essentially become a semi-pro league that negotiates its own contracts and deals, etc. They would have a lot of power and essentially every market in America.