Welcome to the new world of college athletics. The "haves" are hell bent on destroying all of the "have nots" and that pretty much sums it up. The end goal for these schools is to have potentially four 16 team super-conferences that will collect about 95% of all of the available revenue that college athletics has to offer. They don't care what schools get crushed in the process either athletically or academically. This is all about greed and making sure that they limit the access to revenue so that schools outside of the 64 teams will no longer have even a remote chance of being competitive.
I think you are spot on with this. The thing I don't understand is why the NCAA is letting them do this. The NCAA should be what stops this and who looks out for the little guy. The thing I've learned over the last year is just how completely neutered and inept they are. It's amazing, really.
Even if they wanted this to happen, the NCAA could make it happen in an orderly fashion, instead of allowing it to be the wild west where every school is for itself, **** is constantly leaked to ESPN, and all appearances are that money is the only factor.
Keep in mind... GG has close ties to Penn State whose president IIRC is an ISU grad. JP has close ties to Wisconsin as he spent years up there working for Barry Alvarez in the AD's office. While it would be nice to have Iowa's support or Nebraska's support it isn't an absolute necessity. ISU has potentially much larger fish in the B1G pond to carry our flag.
We also have kinda close ties to the OSU AD, and the former Purdue president (for whatever that is worth).
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Iowa State vs. George Mason (Diamond Head Classic)