They'll figure out a way to reschedule it. The venue is there anytime they want it, so my guess is they'll pick a week when the only other event is some small tournament that the best players would be skipping anyway.
You think that's bad? Tomorrow the IPL India Premier League meets to decide how or if they will have their season. How am I gonna get my Cricket? Go Bangalore Royal Challengers!
On a serious note, they could play it the week the Olympics are scheduled. I might make the Olympic team if the pros have to choose between the Masters and the Olympics.