Exactly
I think by dilutive he means that future schools won't bring in the amount of revenue to keep everyone else whole. If every B1G team is earning $40 mil/ yr, will bringing KU into the B1G add an additional $40 mil or will a combination of KU and another school, not named Texas, bring in $80 mil?
Back in 2010, KU's estimated added revenue was $46.32 mil (compared to Notre Dame's 47.63), and it's only gone up since then.
so, no it's not dilutive at all