This settles nothing. Just gives them a year or two of breathing room. Probably one year -- if they're lucky. And it's complete idiocy for them to use the term "salary cap." Salary caps in sports are designed to maintain competitive balance and control costs. There is no salary cap in college sports. Not so long as the NIL pay-for-play scheme exists. And before anyone trots out the "that's not the schools paying them" nonsense, just stop. That fig leaf couldn't cover a single curly hair of that preposterous justification.
Anything the schools use to control the system will be sued into oblivion. Eligibility rules, real salary caps, transfer rules - all of it. People will carve them up. And that's how it'll be until Congress gives them an exemption to operate outside standard employment law.