I don't think the B1G can fix the B1G's problems. As stated above, the problem is the quality of players and coaches in the league. Hazell, Beckman, Ferentz, really shouldn't be coaching in the B1G any more (Wilson is on alert). Other than Franklin and UFM, elite players are not even considering the B1G programs. Even Dantonio has problems getting the really elite unless they are in his backyard. He will get more of the elite *ichigan and Ohio players while Hoke is up there. Really the B1G is likely the last place an elite player will look to go play football.
That said, my thought is that another conference needs to win a National Title in order to get kids looking elsewhere away from the SEC programs. If any conference other than the SEC wins a NT 2 years in a row, kids will start looking around again. Frankly Alabama and Auburn have kids stacked on their benches that will never see the light of day who could start at most if not all B1G schools. Depressing! FSU winning last year kinda helps but they are basically an SEC program. If another conference, say the Pac-12 (come on Oregon), wins this year, that would be good. We have to get the focus off the SEC schools in order for players to look elsewhere and bring some parity back to College Football.
Unfortunately the B1G is not going to be able to do that this year. OSU may have a shot next year to do it with Braxton back, more maturity on the line and skilled positions, and another year for the Defense under Coach Ash.