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If true, this is a big mistake IMO.
It certainly doesn't seem like the safe decision.
I think I disagree for now... ND has leverage for as long as JS gets assurances that they aren't locked out of the postseason.
The SEC isn't going to block them from the playoff, because that might push ND to the BIG, which would give the BIG an expansion 'advantage'
On the flip side, if the SEC and BIG decide to lock ND out... it's one phone call from Jack to get ND in the BIG at any time, regardless of what they've said publicly. This isn't an opportunity that ND can miss out on. Any conference would take them as a full member, and would probably even offer to pay their ACC buyout if ND really pushed for it.