If this goes into effect, does Notre Dame finally fully join a conference? My guess is no as they are a big enough name that they can get a bid themselves they they are good enough.
But I don't think BYU should feel the same. M'guess is they'll wait until the next round of TV deals and potential conference changes. If they don't get invited by a Power conference, they may finally be willing to go back to the MWC or something as they should have the best chances of making a playoff that way. It will be interesting to see if they do that, move to a conference prior, or do nothing.