My gut tells me that since this is the case there's a couple things that were probably true. The PAC wasn't offering to pay our buyout to a level which we could afford it AND we were probably starting at 50-75% of the media deal for 2-3 years AND the PAC doesn't have a hard media deal in hand.
It's a conservative play, but if we're signing a rights deal for 5 years and getting 25-30 million to stay home then the math probably ends up working out in our favor over that 5 years. We can't be getting that much money AND be poaching from the AAC so we'll probably be looking to add NMSU, and Sam Houston or UTEP to get to 9 teams (I'd prefer Sam Houston of those two Texas schools).
The hard truth is the overall quality of the MWC is going down. I think our next media deal is going to be significantly less unless we take a ton of Friday and Thursday game options to give those networks something 'different'. We also, can't afford to be mediocre in the money sports in this conference. This conference is going to be a 2 bid league in hoops at best, and there won't be any 10-2 teams in football that are sniffing the playoffs.