TL;DR: Football only, 7 permanent conferences of 10, one more with pro/rel, 16-team playoff with objective criteria, centralized media negotiation, NOT fully equal revenue among schools, private equity definitely involved, ESPN/FOX very much not on board for now, SEC/B1G also wary.
Basically, it looks like the “power” schools outside the Super-2 trying to shift the narrative, and providing a fallback plan for if the existing financial structure gets nuked from judicial orbit.
I wonder what incentive for consent/participation there is for smaller schools in this model where revenue is distributed based on brand value. Will brand value be determined in an open fair and reasonable manner? Or will it be a black box of “just trust us bro pls bro setting schools up to be princes or paupers with no middle ground is the only way bro!” Do Bama & Georgia get $200m each while Indiana & OK State get $50k each? Who on earth would sign up for that if it meant being on the $50k end?
Not that your point is bad, but with the current model some of those “50k” teams may not even have a conference with a revenue deal at all if things keep going the espn/fox way. So the incentive may just be the stability of a super league. Either way the more transparent the better.