I don't think Texas State has THAT much l;everage. There are other teams that the PAC could take that would be more than willing to take a lesser share.
The truth is, Texas States does not have much media value right now, and they know it. And they are getting peanuts. If the PAC offers them a lesser share but temporary, or some sort of stipulation that they would carry their weight enough down the line for the potential for a full share they should take it.
Because what makes Texas State appealing is the potential, not what they are now. Being elevated to a better conference with a better name, and yes the new PAC would be exactly that, I think both the PAC and Tx State HOPE that will spark more interest with their fans.
But everyone knows that they aren't worth a full share right now.
The APC could god after Sam Houston, or NMSU, or some other school that would be happy to take a half share and have that locked in. Because guaranteed money is garuanteed money, not to mention the higher potential for bonuses from the CFP and NCAA credits that are slim to none in the CUSA and the SBC.
Also, part of me think then the PAC is still waiting. Maybe to see what happens with the poaching fee lawsuit. Because if that gets thrown out, UNLV going to the PAC becomes nearly a no brainer.