Furthermore, if Verizon degrades connections to whichever ISPs Netflix uses, then they have leverage to get Netflix to pay Verizon to peer. If they make it so

Furthermore, if Verizon degrades connections to whichever ISPs Netflix uses, then they have leverage to get Netflix to pay Verizon to peer. If they make it so that the only way that Netflix can offer their service is to pay them for it directly, then that is more money for Verizon. Very clear motivation.