That could be the case, but it makes no sense. Whatsoever.
First, the MW 4 wouldn't have left to create a conference with no financial benefits and also pay for the privilege.
Second, that is exactly the same money as the current MW. Taking 4 of the best markets plus the PAC 2 without the dead weight of the MW. There is no possible way that it wouldn't be higher. The math does not make sense.
More reports say 10-12. Who knows what it will be and to be honest it really depends on how they round out the rest of the conference.