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.
Nothing about regonality with the conferences, but I assume the non pro/rel conferences would be regional. So this model probably meets my criteria of Tennessee play bama and fLorida every year. I do like that teams would be the owners of the league, and that revenue would be distributed based on brand value. As always the pro/rel model for the 8th conference MUST protect rivalries imo, and I still don’t love a playoff model. But honestly as far as cfb models go this one isn’t my least favorite.
I don’t hate it either, though I still maintain that if you “fix” the portal issue, pro/rel will not serve its intended purpose in a league full of players early on their developmental curves and leaving after five years.
Interesting that the structure is also intended to provide a single entity for potential unions to negotiate with for collective bargaining.