Best I can tell is that this is exactly what happened. Now, would she have won against LV if she fought hard? We will never know. So it's possible that her f###up didn't change anything. But (again, unless she knows something about the Ten) it was nonetheless a duck*up, and we lost a chance to compete against LV in the marketplace because she thought she had already won.
If that is what happened (and by all means she deserves a chance to explain what happened and we need to wait to see if the Ten being imminent was part of this), if I were on the BofT she would be gone. Not because we're not in the ACC, but because you can not have a President of a State University who is so easily played in such a public forum. And that would be notwithstanding the many good initiatives she has underway.