Why should Notre Dame care about this?
Here's why - the current deal, at $55M/yr, is a phenomenal deal for CBS. It expires in 2023. The new deal will be north of $300M/yr. Reportedly, CBS balked when things hit that high. ABC/ESPN expected to win the new contract. At the $300M+ level, when you include revenue from the SEC Network, each SEC team will be getting north of $60M/yr. We already know that each B10 team gets over $50M/yr in TV revenue.
Suddenly, the ND/NBC deal looks very weak, at $15M/yr. Simply put, we are being left behind, financially.
In the context of ND's endowment, it is not important. At $13B+, a TV deal of $15M is a rounding error. But I doubt ND will sit still while revenue for the rest of the P5 explodes.
Let's hope they don't overreact and do something really dumb.