Bc if this happens and Disney decides who are the halves and have nots and 30 programs, universities, cities etc are left out to draw then you better believe this will go straight to SCOTUS. It is alraedy borderline Anti Trust issue already.
Politicians might care, but I doubt SCOTUS does. Cities don't have a recourse to sue if they don't have an NFL, MLB or NBA franchise.
Emmert was quoted last week that the NCAA's days might be numbered. Why would it be a legal issue if the SEC, Big 10 and their media partners create a conference or maybe more appropriately a league of 30-40 teams?
That doesn't prohibit the other P5 and G5 programs of proposing its own league to media organizations.