It's very confusing, but after further examination, looks like they mean that will be what the actual event will consist of, not what will be shown on TV.
Upon seeing this first at FSU I was hoping that it meant that they were going to include some short program coverage...alas, doesn't look like it'll be so. But any expansion of coverage I see is a good thing in the end.
now, just add in a timeslot to show the top short programs and we'll be back to what we had with ESPN and ABC.