There has been nothing that compares to what happened to Oregon St and Washington St in terms of the amount of immediate financial damage to those schools (over $20M annually). And the looming prospect of 25 to 30 more schools facing similar financial damage is also unprecedented and the damage goes far beyond ADs losing those revenue streams, it also has profound negative impacts to enrollment, admissions and donorship.
And your last paragraph is dead wrong beginning in 2032 if ESPN and Fox have their way.
Look at all the intervening to save Oregon State and WSU, right??
Those two didn’t lose anything- just risky spending on their part for assuming they had money coming that was never under contract.
The two middle conferences are making more than ever until the next decade. Past that is unknown. Good luck getting federal action before that changes.
Past the current deals, it is very likely the middle conference won’t be facing the situation of Oregon St and WSU. If it’s a P2 of 40 or 48, and the third conference of 30 or 24, ex-P5s not making as much as before will be limited
Plus, when the current deals expire, congress won’t act to save schools from being left behind, that are already perceived as having fallen behind
The networks and P2 can sit back and let the revenue and exposure disparity slowly suffocate, until apathy kills any chance a minority bloc gets enough support to have federal intervention