IMO - what is missing in this argument is the role of NIL
Try this thinking exercise:
How much of this would (could) happen if there was NIL but without the portal?
How much of this would happen with the portal and no NIL?
My guess would be the answers to those two questions are somewhere around 10% and 90%, respectively, give or take. So I don't think NIL contributes to the situation he is discussing. I think most of it boils down to the realignment and the effective locking out mid majors based on scheduling. You really need to
In the end, doesn't it mostly boil down to the fans themselves though? They always say they love "when some small school from a small conference is able to compete with the big boys" but where are all these people during the season? Are they at the small school games? Are they donating to a small school? Are they watching the small schools on TV? For 99% of fans, the the data would presumably be, no, they are only going or watching games when the little guy plays against big name teams or the big guys play each other.
It is all about the money (always has been, always will be) and a large portion of the money comes from TV revenue and ticket sales. You can't tell me that most people watching Duke or UNC are alumni. It is mostly people that want to watch a top team. So, you can't blame the TV (or the conferences) for giving the fans what they are asking for with their wallets and TV viewing time. If fans really want the non-P5 conferences to succeed, they need to support them, more so, than they do the P5 with their money and viewing time.
Note: this is not intended towards you jessej since I know how you support the little guys with your attendance at games.