My six cents:
Regarding money:
It's only a matter of time before football players (and likely MBB, too) are paid outright. Might not happen right away, but it will happen. And that's when the differences in AD earnings will make a tremendous difference. Until then, however, ADs can still ask their donors to funnel their support to their collectives and NIL opportunities rather than directly to the AD since those will be better funded from media deals.
To say much higher media deals won't make it significantly easier to acquire talent compared to schools making far less is asinine. Stop pretending it'll be even close to an even playing field.
Regarding the B1G schedules:
Teams like Iowa should still be able to win 8-10 games every year, but how often will that be good enough to make the title game? I suspect that game will be between two undefeated 1-loss teams most years, so it will be extremely difficult to make the title game with even 2 formidable opponents.
Regarding the B1G vs Big XII debate:
Obviously the B1G has a high end that the XII doesn't (and likely never will again). As it stands right now I'd say that most of the 16 new XII schools average out to be about Minnesota/Purdue/Nebby tier. But, as I've seen others say, the bottom of the B1G can absolutely rise above the middle of the XII if those ADs make the choice to do so with time.
As ISU fans we aren't in the P2, and we never will be. But... for right now... we're in the next best thing. We could easily have been OSU/WSU, so I'm grateful to be where we are. But to compare the XII's future to that of the SEC/B1G is preposterous.