I may be in the minority here, but this all seems pointless. It actually all seems like a money grab, but can be viewed as pointless. Everyone wants more money so they go to the 2 conferences that get the most money, but in effect all this does is replace the NCAA with the Big Ten and SEC. I'm no fan of the NCAA but my concern is if you have 24 team conferences, you can't possibly play everyone in a season. In football you won't be playing some teams more than once every 5 years. So what will surely happen is you set up divisions. Well if everyone is in 2 or 3 conferences, why would we not view those new divisions as your conference with a different name?
Then if we say, largely our division is our new conference how many traditional rivalries get skipped over? They surely won't separate a Michigan/Ohio State, but they've already separated Illinois and Indiana in divisions. As more teams are added, it becomes more likely you won't get to play those teams even once a year, certainly not twice in basketball. Rivalries are heavily geographically based. Will we ever have any sort of rivalry with Washington, UCLA, USC? Maybe this is just a conversation because everything is new and in 20 years no one will care, but I do not look forward to a day where our schedule is full of USC, Oregon, Colorado, Nebraska, Washington, etc and we're not playing Michigan, Indiana, Michigan State, Purdue, etc regularly.