Michigan in its own words about the irreparable harm it suffers as a result of penalty (from its own complaint para 55)
" the reputational harm caused by the Conference’s conduct is
enormous and quintessentially irreparable. The University itself, its student athletes, Coach
Harbaugh, and the athletics program, will suffer significant, lasting, and unjustified reputational
injury....
Any sanction would unjustifiably undermine this image (of "fairness and integrity"), reflecting poorly on the University" https://www.on3.com/news/read-jim-harbaugh-michigans-complaint-against-the-big-ten/
The big picture is that by accepting this interim punishment, Michigan by way of its own words, has functionally admitted substantial cheating.
" the reputational harm caused by the Conference’s conduct is
enormous and quintessentially irreparable. The University itself, its student athletes, Coach
Harbaugh, and the athletics program, will suffer significant, lasting, and unjustified reputational
injury....
Any sanction would unjustifiably undermine this image (of "fairness and integrity"), reflecting poorly on the University" https://www.on3.com/news/read-jim-harbaugh-michigans-complaint-against-the-big-ten/
The big picture is that by accepting this interim punishment, Michigan by way of its own words, has functionally admitted substantial cheating.