The only two ways for college football to continue are federal legislation or a complete breakaway with student athlete employment and bargaining. Quite literally those are the only two things that can prevent all these lawsuits.
However, in this case, I think the NCAA messed up. It just really doesn't make sense to say that there is a new model that all student athletes can take advantage of, except for one class who are potentially still students, but must abide by the old rules. Frankly, it makes so little sense that I have seen multiple respected lawyers argue that the reason the NCAA did it was to get cases like this that causes public outcry and use that PR win to argue in support of the federal legislation being considered. NCAA statements after each of these cases would seem to support that idea.