If OSU and Michigan are subsidizing Indiana, the rising tide lifts all boats, including those of OSU and Michigan. Conference members make more money. Independence costs Notre Dame money (hence the ACC scheduling agreement), it doesn't make them money. They like being in charge, so that's why they're independent, but it's not making them money. Texas might go independent in the future because nobody likes dealing with them, but they'll make less money.

The bigger worry for the Oregon States of the world is a new Tier 1 conference of just the superpowers, that looks something like this:

from the ACC:
Miami
FSU
Clemson
Maybe UNC and Duke (lots of fans, even if not lots of success)

from the SEC:
Alabama
Florida
Georgia
Auburn
Tennessee
Arkansas
LSU
Ole Miss

from the BIG
Michigan
OSU
Wisconsin
Iowa
PSU
MSU
Nebraska
Northwestern or Illinois (for TV)

from the Big 12
Texas
Oklahoma
maybe OK ST

from the PAC
USC
UCLA
Stanford
Cal
Oregon
Washington
ASU

plus Notre Dame

That's more worrisome. Those teams basically would create a new division of super football, leaving the rest behind. But conferences are controlled by presidents, and presidents care about more than football (even though football drives the bus), so this is more likely than a bunch of independents or unequal revenue sharing, but still not super likely.