What’s happening in Destin goes far beyond playoff formats and public statements.

This is about the collision between billion-dollar economics and a governance structure that was never designed to oversee a modern media enterprise.

In this episode, Mike Chaudron breaks down how decades of escalating money, media rights, buyouts, conference realignment, NIL, and leverage transformed college football into something entirely different from what fans grew up with.

The economics evolved faster than the governance.

And now everyone is trying to catch up.