From the Web:
"It's been a long-simmering point of discussion that the Big Ten has been looking to add an injection of private equity, essentially selling off part of its new corporate enterprise to an outside investor. Reportedly, most of the 16 programs in the conference have been in favor of that plan, which has crystallized around a 20-year, $2.4 billion investment from the California Pension Fund. But news broke this week that there are two holdouts who are vehemently opposed to it. And they're big ones; USC and the Michigan Wolverines.
Those two schools are apparently so opposed to it that they've reportedly considered the nuclear option: leaving the Big Ten entirely."
Everything everywhere seems to be on the table. We live in interesting times.