I think Jamie Pollard's letter is a must read on the subject. Priority one is the health and wellbeing of the student athletes, and the best interests of the student athletes. The money made from football/basketball helps the university: feed, house, provide medical care, provide mental health services, provide academic help. Without that revenue, it will directly effect athletes access to those necessities. Could Covid negatively effect the health and wellbeing of the student athletes - absolutely. Could not playing sports negatively effect the health and wellbeing of the students athletes - absolutely. Another reason the conf only schedule makes more sense. Everything needs to be under complete control for the health of the student athletes. Having South Dakota St come down, and not knowing their testing protocols or if they all ate at a Dennys the morning of the game - that's an unnecessary risk - with very little reward. Minnesota comes to town, we know the players have been tested under B1G guidelines. Meals provided by a certain company at a certain hotel. Transportation provided under B1G guidelines. Risk is much more controlled.
Pollard Letter:
https://cyclonefanatic.com/2020/07/jamie-pollard-pens-letter-to-fans-detailing-financial-ramifications-in-event-fall-sports-are-canceled/