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The Big Ten’s bid to sell a 10 percent stake in a new Big Ten Enterprises to UC Investments for $2.4 billion has been put on hold after weeks of internal dissent, derailing expected $130 million payouts to 16 schools and delaying a grant of rights extension to 2046. Commissioner Tony Petitti was ready to proceed despite resistance from Michigan and USC, which object to the plan and, in USC’s case, to its place outside the top payout tier. The pause underscores growing fractures amid expansion, even as the league thrives on the field.

Prepared by Emily Rhodes and reviewed by editorial team.