get long-term health insurance coverage. Throw in FMLA and more. What about a potential pension for the employees? The players are demanding it through their union, and you need to have a team show up and play or else as a university, an ACADEMIC institution, you are hemorrhaging millions of dollars with each missed game due to broken contracts, missed revenue, and loan payments to fund the construction of all of these facilities to now be the equivalent of semi-pro. So now the primary function of the school, to educate students, is held ransom to this beast called professional athletics.
This has the potential to absolute be a financial black hole crippling the institution from fulfilling its essential purpose of educating students. What happens if you get "relegated" and you're on the hook for significant future expenditures because the B10/SEC leave the NCAA? What happens if the bubble pops and ESPN and TV revenue falls apart because streaming becomes the necessary and overwhelmingly common vehicle for delivering games?
Now, this is a worst case scenario, but a very likely one for most universities not named Alabama, Texas, USC, or Ohio State.