So, the remaining 7 Mountain West teams signed a "memorandum of understanding" to stay in the Mountain West until 2032. That creates a real problem for the Pac-12 and the MW teams that have announced Pac-12 membership because now, unless they get some sort of legal victory over the Mountain West, there's no hope for them to dissolve the Mountain West and get out of paying the exit fees and poaching penalties. So, a huge chunk of their Pac-12 windfall is going to end up going to the Mountain West, plus they didn't even get their 8th team to solidify themselves as full conference.
So now unless something changes:
The Pac-12 and/or the defecting Mountain West teams will have to pay the Mountain West about $160 Million total.
The conference will consist of:
Oregon State
Washington State
Boise State
Utah State
San Diego State
Colorado State
Fresno State
Some other school that they'll have to poach from another conference or the FCS before the 2026 season. Gonzaga wouldn't count because they need a football playing member.
The Mountain West will pay UNLV and Air Force each $10-$14 Million in 2025 to stay, then about $1.5 Million a year for the next 6 years. Nevada, SJSU, New Mexico, and Wyoming will get about half that amount. Hawaii with get about a fifth of that amount.
The conference will consist of:
Wyoming
UNLV
Nevada
New Mexico
San Jose State
Air Force
Hawaii (football only)
Two more full time schools that they'll have to poach from another conference or the FCS before the 2028 season. The biggest targets are allegedly Texas State and Northern Illinois.
One other interesting note for UNLV is that they negotiated the ability to go to a Power 4 without penalty.
As of right now, it kind of looks like the Pac-12 took a big gamble and lost big. Also, UNLV is apparently deeply in the red so an upfront cash infusion was probably really attractive.
View attachment 658722
The MW later sent a corrected retention bonus percentage:
Air Force -- 24.5%
UNLV -- 24.5%
Nevada -- 11.5%
New Mexico -- 11.5%
San Jose State -- 11.5%
Wyoming -- 11.5%
Hawaii -- 5%