When? What would be the mechanism to avoid exit fees? What would happen to the rest of the MW??
Timing is key obvisouly, they would need to strike before the MW can construct their next deal, but the longer they wait, the less expensive it would become.
Taking only 6 MW teams is risky, because those teams will have a tougher job trying to "stall" talks on a new contract, though having the best markets does help somewhat.
But they do have a decent amount of cash to play with, they may feel that biting the bullet and paying the exit fees for the 6 teams will be worth it long term.
As for a conference championship, maybe that will not be a problem.
This is an old article, but I assume this was passed:
"Removing championship game guardrails is considered noncontroversial and will likely be rubber stamped, giving conferences additional flexibility in approving new ways to crown a champion. Most notably, the change would allow conferences to eliminate divisions, an idea that has grown in popularity in recent years.
Present NCAA rules mandate that any football conference with 12 or more members must hold a championship game and split teams into divisions with round-robin seasons for divisional opponents. The NCAA passed legislation in 2016 allowing conferences with fewer than 12 members to hold conference championship games, clearing the way for the 10-member Big 12 to hold a title game between its top two teams from the regular season. "
The two proposed pieces of legislation will be voted on by the Division I Council later in May
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