The PAC TV deal for 2026 is not even in place, nobody has any idea what that equates to 2 years down the road. Where is the $10MM coming from?
All the P12 is, is a brand name. I mean I get what you're saying, but it's not as strong nationally as you think. We all know most of the rest of the USA thought the previous P12 was ass already and now it has a bunch of MWC and AAC teams with Wazzu and Oregon State? Meh.
There is also no reasonable assumption UNLV's going to stick it out in the MWC.
There is some logical reasoning, at least for me. Could the PAC 2 be the biggest swindlers ever? Perhaps, but that seems to be somewhat unlikely.
Teams do not bolt for new conferences without having some idea of what that TV contract will be. It is arguable to SOLE reason realignment even happens these days. It seems to have very little to do with regionality, historical rivals, etc.
The PAC 2 could have easily merged/reverse merged with the MW. Those 2 additions along with everyone else would have likely pushed the total payout per school to 6-7 million I would guess.
Boise jumped ship and they make more than everyone else in the MW, so at the very least the new PAC should be getting more than that easily. Especially when considering the possible fees they may have to at least partially pay.
No secret that the PAC is targeting AAC schools including Memphis. Memphis currently gets 7 mil per year, though the long term stability of that is threatened. But then you factor in travel costs.
It would be extremely foolish to approach Memphis with any confidence without offering at the very least 9 mil per year. Probably at least 10.
There were reports before this happened that a rebuilt PAC, which included UNLV and Air Force could get 15 mil per year. But who knows how accurate that was.
But I think 10+ is a pretty safe bet. Why would the PAC 2 willingly give up at the very least 43 million dollars to create their own conference by raiding the MW if their contract wasn't at least significantly better that what they would have gotten by merging? It has to be a substantial bump for this to make any type of financial sense. They could have simply joined the MW in some fashion, and kept all of their PAC money they netted from being raided themselves.