UM and Indiana are similar. Both have good histories but are in down cycles caused by, in part, past shenanigans. That's why the teams got on national TV; they are somewhat equally matched and still have big names, despite their recent performance. IU's rep was built on hoops and UM's mainly on football, but there are still a lot of similarities in the current situations of both programs.
Also, if history is any indication, both teams will be back soon.