I have no insight into this....
my speculation is that he is not going to get 4M from anyone, and now Nico/fam is in a tight spot, with the whole carton of eggs heading straight for their face
luckily for them, UNC and BB need a QB
so, Nico side takes the same or less than what they would have gotten here, but they save face by getting with BB
door still open to have a good season and represent himself well. if so, he will have the same NFL opportunities that he would have had before this whole situation blew up in their face
he would have been best to just stay put here and excel in the system he was poised to soar in
unfortunately they gambled poorly and were nosediving towards absolute failure
I think the message from UNC/Bill is "I'm not paying you that but I'll give you a place to land, and if you play well, I will exhaust all of my resources and connections to make sure you go pro"
not the perfect scenario for either side at all, but a scenario that can work for both sides, given the other options for Nico continue to look less and less promising