a combination of networks, college presidents, ADs, and other top executives who decide who is in and who is out. Also, I'm not sure if the networks are truly leasing the content or if they co-own the content. Regardless, I'm not sure the schools/conference can take back their content unless they are all willing to walk away from all that money on the table. The Pac-12 launched the P12N by itself and look how that turned out for the conference. It may sound good on a message board, but I'm not sure how practical it is in application.
I wouldn't assume that an entire conference will or won't make the cut because it may depend on what rules are agreed upon by the group. If it is decided that there should be a minimum stadium capacity in order to participate in this league, then that could eliminate schools like Minnesota, Northwestern, Indiana, Duke, Wazzou, Wake, Vandy, etc. because the schools decided they didn't want to expand their stadium to meet said minimum requirement. Likewise, if the group agrees upon a minimum stipend of $14,000.00 per athlete, then that could eliminate more schools like BC, Syracuse, Maryland, Illinois, Oregon State, Cal, Kansas, Texas Tech, etc. because they don't want to pay that amount to all their other athletes. It is even possible that conference, in the form we know it now, is really a thing of the past and this process will start the ball rolling so the conference form evolves into its next evolution. For example, a school could be a member of 1 conference for all the "revenue sports" (i.e. basketball, football, ice hockey, baseball, softball, etc.) and another conference for the remaining "non-revenue sports." The non-revenue conference may even be more regional based to the point you have power conference schools and non-power conference schools in the same conference (see example below).
Sic Semper Tyrannis Conference: UVA, VT, JMU, ODU, GMU, Richmond, VCU, VMI, W&M
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