Ugh. Not this s**t again...I kid, I kid.
For one, people assume that Clemson and FSU are going to be in a better fiscal position in the BigXII than the ACC--that isn't the case, as the ACC has a handshake agreement without a dollar amount with ESPN currently for all three tiers of the ACC--something ESPN doesn't have with the Big XII and will never want, as the second and third-tier programming is weak (read: Tech, Baylor, KSU, ISU).
ESPN already signed on the dotted line to bump their deal with the Big XII up to $20 million/school total--this total includes second-tier Fox Sports rights (not Fox OTA) and does not include third-tier rights. Other than Oklahoma and TexAss, any of the other schools will be hard-pressed to effectively capitalize on their third tier rights, so we're still looking at a haves vs. have-not scenario in the Big XII--it's just not as drastic as it was before.
The ACC's play in all of this is that now ESPN has signed on the dotted line with the Big XII, they can now ask for just as much, if not more money, from ESPN and likely get it. The likelihood that the ACC gets shafted in all of this is close to nil--the ACC frankly has bigger media markets than the Big XII now (Major markets Houston and St. Louis are gone--all you have is DFW and Kansas City), and a better quality of overall programs.
And if that doesn't work, that's where your "Clemson/FSU to the Big XII" discussion comes into play--it's a move that would ensure that two of the biggest programs gets the same as the Big XII--a nuclear option, if you will, that would render ESPN's agreement to broadcast all three tiers of ACC programming a ball and chain on Bristol.
ESPN doesn't want to be saddled with an ACC minus Clemson/FSU, so they'll acquiesce, and I believe we'll see them pay something like $20-22 million to each school when all is done, and all ACC schools will be happy.
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Two, even though Notre Dame has a seat at the table regarding the discussion of playoffs in College Football, they don't (and likely won't) have their sweetheart deal remain intact. Plus, Delaney's move to require conference champions only in the equation isn't just to preserve integrity in the new process--it's to force Notre Dame's hand in conference realignment.
The thing is, if this comes to pass (no sweetheart deal for ND, conference champs only), I don't know that ND would shack up with the B1G--they may go to the Big East, as their Catholic school colleagues play basketball in that conference already, and there would be a strong push by those Catholic programs to not abandon them.
IF Notre Dame is forced to go conference shopping, and the B1G is looked at, I still think that instead of picking a weaksauce school from the east for media market share, they're going to give Kansas (who as of December still was communicating with the Big East) a call to gauge interest. Delaney is a former basketball man, and he's helped shape the B1G into one of the top basketball conferences in the nation--who better than the addition of Kansas to not only solidify that place, but to give that much more national presence to the B1G?
What is likely, though, is if ND is forced to look for a home, that they saddle up with the Big East (call it Catholic guilt?

) or the Big XII, who could then take Louisville and go back up to 12 schools and get a conference title game again (read: an extra $2 million/school/year they're currently missing out on).
All in all, I don't think we'll really see much going on in terms of realignment until the playoff discussions and the BCS mess is decided.
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Also, if you're wanting quality views/news on conference realignment, then you should be reading the Frank the Tank blog. If anything, Frank was the first journalist/blogger/public persona who publicly called Nebraska going to the Big 10 before we were ever in public consideration (and months before SI, CBS, or ESPN ever picked up on the mere possibility).