The answer to your direct question is yes.If other conferences play, and pull this off with little to no real issues or outbreaks,( I doubt this happens, but for sake of the argument) dues this just prove the ineptitude of the PAC12 leadership and damage the Pac12 even more? We are already behind every other P5 conference in money, and now getting a loan to make up for some lost revenue, just puts us more behind.
The probability of the other conferences avoiding an outbreak is at best 5% given the horrific job most of the states where the $EC, B12, and ACC live have done in mitigating COVID-19 spread. Since schools have given up on attempting to isolate players, the odds may be worse than 5%.
So, here’s the calculation:
95% chance in being named in a $500+ million dollar lawsuit and likely settling for $250+ million or 5% chance in pulling off the season with zero COVID-19 infections and maintaining existing revenues until contracts expire and renegotiating for bigger afterward.
If there’s spread AND any of the 40ish schools in those three conferences even attempt to pull a csu style cover-up, all of the odds above goes out the window and guarantee major damages for that school and conference for double or triple the amounts.