I’ve kind of been thinking this too. This whole time I’ve just assumed George and the P12 have been negotiating with entities, but just struggling to get adequate offers.
But what if they’ve been negotiating with entities and not getting offers at all? If they were just getting poor offers, why wouldn’t the P12 just show CU and the schools the numbers last week, when they demanded them? Why not say “here’s what we’ve gotten so far. It’s not good enough so we’re still negotiating”. Instead it seems they still just didn’t show anything at all which was CU’s last straw, understandably so.
If they aren’t showing anything because they literally don’t have anything. They’re in a way, way worse dilemma than I even imagined.