It's what I've been saying for a decade now. There's not going to be a split unless something really changes. The P2 need the rest of the college sports world to at least believe they're playing in the same competition. Imagine the LIV golf tour without the Saudi money.
If you think the UCLA/California Board of Regents fight is going to be difficult, try imagining a P2 splitting the major universities across like 30 different states. Why not just keep the current gravy train rolling? Everyone sitting at the table already has a seat...