The crux is the power conferences negotiated a settlement on behalf of the NCAA and all D1 conferences but they're ultimately letting us (non power conferences) eat a much larger portion than we should be. Even the MVC will be footing the bill for power conference athletes, essentially.
NCAA is paying 40% and then the other 60% is coming from a reduction in school distributions -- ie the NCAA tournament units. Remember, the NCAA essentially only makes money from the NCAA tournament and the media rights/licensing surrounding that. So essentially, power conference fuckfaces are having their cake and eating it too. Remember, the football playoffs is not owned by the NCAA so that entire pool of money, and where the LIONSHARE of the infringed athletes sat, will not get touched.