Yep. Even with the Big 12 now watered down, there is a lot of excitement and energy in the conference and fan bases which will create value.I never liked going to the PAC12 mostly because I felt the West Coast Schools were not as passionate about football as the Big 12 fans were. But the Big 12 we return to is not the Big 12 that we left. Of course, after next year the PAC12 will not be the conference that we went to play. I took no pleasure in the failure of the PAC12 nor in the struggles of CU football.
I believe the biggest problem the PAC had was the creation of the Pac12 network. This basically thumbed their nose at the traditional media partners, relegated the PAC to limited exposure, and continues to be an albatross in the present media negotiations.
I do not believe there will be another round of conference realignment in decade, at least not as people presently view it. I believe that is going to fracture into about 40 teams vying for the top TV dollars and then about 50 teams fighting the next tier. Conferences are no longer going to be relevant in Football. Too much money and too much dead weight. How long does Ohio State and Michigan want to carry Rutgers and Maryland. That is why I don't understand the fixation on adding G5 teams, they are no longer value additive. SDSU or Fresno State or Boise are not going to move the needle much in role of adding subscribers.
I think that carriage fee programing(some want to call it linear) is going to level off at ~50-60 million subscribers. People "cut the cord" by dropping cable but they then go to something like YoutubeTV or Sling which still pays a carriage fee. Which is the case of ESPN is going to be ~$600 Million per month without advertising. Now the media companies need to figure out the direct to consumer piece. I think eventually ESPN+ type service is going to fall into the $25 per month range with add-on to watch specialized programming like MLB. After they figure the financial part out they can figure out the rights fees, but the fees are going to be associated more fan engagement - Okie State may be more valuable than Cal because they draw more fan engagement (subscribers).