Michigan has not been treated very well by the Big10 lately. The Jim Harbaugh and SignGate thing was a disaster. You can't suspend a head coach when he is flying with his team to play a Big Ten opponent. The Big10 is punch drunk with greed and has zero leadership. They brought in some fool with TV experience to increase TV revenue not lead a complex organization/league.
Michigan and USC are not in favor of this new capital investment deal and the Big Ten as recently as last week was saying they were moving forward with out 2 of its top brands.