It appears CSU miscalculated jumping too early. I think they thought AFA would bolt to the AAC. Then another of the southern MWC (UNLV) teams would follow to the PAC. Initially, I don't think they envisioned a NoCal/NW footprint (except for SDSU) and they thought the $$ would be worth it, as the PAC totally out-classes the MWC. Now UNLV and Air Force get bonuses for staying. CSU is sapped with all the additional travel costs. I'm not convinced the new PAC fans will travel to FOCO like the MWC teams, given the added distance. All CSU's rivalies probably go away. They do not really have a travel partner--Utah State?? It be harder for them to win the PAC compared to the adjusted MWC.
As things have shook out, I envision any PAC-12 TV deal only marginally better than the MWC, given it will be mid-major $$'s. The exit fees will be litigated/negotiated but should hurt the PAC and help the MWC short-term, if enforced. Unless the CFP radically changes, it really is all the mid-majors playing for one playoff spot. The radical change to the CFP looks to be headed in the other direction for a P2.
Appears UTEP is a fit for MWC. I wonder if New Mexico State wants to come back home? They have not been good in football, but decent in men's hoops. Not sure where the PAC will turn for another football team, my bet is on Cal-Davis, Sac St. or a Big Sky team moving up a division further packing in the NoCal/NW geography.