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That raises another reason for statement: self-lauding by StetsonDan
As the ESPN article notes, the NCAA is almost certain to act on Name, Image, and Likeness soon. You could infer one additional reason for today's statement: Swarbrick getting to pat himself on the back for how much he's looking out for ND's student athletes by being the first AD to give this sort of ultimatum. Of course, Jack wouldn't want you know he was just getting ahead of the NCAA action.