Latest today is that Notre Dame (which does have an ACC vote on expansion) was really pushing for Cal and Stanford to be added to the ACC, but there were at least 5 members that were a firm 'no', so much so that there was no point in voting. I haven't seen anything on who the 5 were. The ACC requires a 3/4 vote (12 members) to admit new members.
The other story is that SMU is so desperate to get an ACC invitation that they'll forego the ACC payout for 5-7 years. While that sounds ridiculous, remember that their American payout is only about $7-8 Million per year, so 1 year in the ACC would be worth about 5 in the American and, assuming the ACC remains together through the Grant of Rights, they'd still have another 5 years or so in the conference making more media money than they ever have. I feel like they probably have enough rich alumni to supplement the lost payout for that long. Still, I don't think that's going anywhere.
On the other side of the map, the Mountain West announced they're open to expansion, but their commissioner wanted to wait and see what the ACC planned to do with Cal & Stanford. If the ACC had picked up Cal & Stanford, I think the MWC could have worked out a deal with WSU and OSU where the MWC effectively dissolved and regrouped under the Pac brand name, which I personally believe still has value. I think Cal & Stanford would let the Pac die and take whatever assets are left over rather than be in a conference where they're the only AAU school, so I think that leaves the most likely option as WSU and OSU joining the MWC.
