There is no look in, everyone should know that. Just a 12 year deal with ESPN. No outs. This is just a bunch of reporters creating content. If they are getting this directly from ADs or college Presidents than its worthless info.
Yes, I'm sure ESPN will be so upset that they would get first dibbs on the rights to televise four more of the most watched games each season. There is no such thing as a contract that can't be renegotiated.