Heisenberg01 said:
I don't know the % equity given up for each deal, but the Big Ten is considering $2.4B for the entire conference vs Utah raising $500M just for themselves. The Big Ten would be crazy to give up any amount of control for that number. Now if they were offering $1B per school to the Big Ten that would be something they'd have to consider.
Michigan is making threats behind the scenes and now publicly as they are very much against the conference taking PE money. A current ( or former) regent was interviewed a week or 2 ago and said Michigan leaving B1G and going independent would be something they would consider before agreeing to it.