Along with the B1G commish also taking his exit.
There was very little chance a PAC media deal would ever get signed. The lack of UO/UW makes it an impossibility. If these two believe they have an opportunity for FOX to bankroll their inclusion into the B1G in the next 1-5 years then they sign nothing. They agree to no PAC GOR. And without them in a GOR any remaining media buyers will only have interest in a deal that is closer to a MWC payout than the Big12 one.