Reports that North Carolina may be heading to the SEC and the news that Donald Trump has signed an executive order requiring revenue-sharing to pay college athletes. We break down how North Carolina bolting to the SEC would hurt the Big 12’s long-term playoff hopes, recruiting reach, and expansion plans. Then, we analyze how Trump’s executive order could completely reshape college football’s financial model and what it means for the Big 12 compared to the SEC and Big Ten. This might be the most important episode we’ve ever done.