The big thing for me is the antitrust section with collective media rights and the anti-expansion section. Two things are key. 1. It requires 75% of all FBS schools in order to happen. There are 138 FBS schools, so it would need 104. The SEC and BIG have 34. So that means that just one school could stand in the way and prevent the collective from happening. The independent schools ND and UConn would have a ton of power to decide this fate. 2. The anti-expansion is actually not very restrictive. It says that the $1b conferences cannot acquire teams only if the result is that the other conference falls below the number needed to be a conference. It only really applies to what happened to the PAC. The ACC could be raided for 7 teams and still be allowed under this.