TL;DR: Football only, 7 permanent conferences of 10, one more with pro/rel, 16-team playoff with objective criteria, centralized media negotiation, NOT fully equal revenue among schools, private equity definitely involved, ESPN/FOX very much not on board for now, SEC/B1G also wary.
Basically, it looks like the “power” schools outside the Super-2 trying to shift the narrative, and providing a fallback plan for if the existing financial structure gets nuked from judicial orbit.
Not that your point is bad, but with the current model some of those “50k” teams may not even have a conference with a revenue deal at all if things keep going the espn/fox way. So the incentive may just be the stability of a super league. Either way the more transparent the better.