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I don't disagree agree with some of your points, but you skip over the most important factor and assume it'd happen (Catholic schools wanting this to occur). Yes, many OBE schools had better options and left for them (i.e. the ACC) and even though I did include Pitt and VA Tech as potentials for a NNBE (new New Big East), they'd certainly want to be in the Big12 as opposed to a NNBE so it's no slam dunk that they'd even be interested and available. The fracture of the Catholics and the FB playing universities in the OBE is what caused the schools that left to actually start looking elsewhere and needs to be considered.Welp, the PAC 12 imploded and two elite Cali academics joined the ACC. That's a pretty major change of sea. The ACC has been on shaky ground. I could easily envision Duke, Wake, Cuse, BCU, Pitt, Va Tech scrambling to save both football and basketball. Cal, Stanford, sure bring them along. The biggest problem with the OBE was that many programs had seemingly better options. I think the east coast could handle THE premier hoops conference combined with very solid P/G football conference. Perhaps 20 programs total, 10 and 10, so the football side has ample opportunity for OOC games.
In my mind, maybe more likely to happen is ACC leftover programs like BC, Syracuse, Wake, Duke (I'll leave out Pitt now because I think they would be Big12 bound because WV would benefit and Pitt can bring FB value to the Big12) agree to be in the Big East for Olympic sports and then the football schools form a separate football playing conference or affiliation of Independent status football schools where they can schedule amongst themselves, add in one or two power conference games, and a local rival or two each season to form FB schedules that are better than we currently do now as a standalone Independent. They could manage their own streaming-dominant media contracts on the football side. Not ideal, but one scenario to try to survive from a FB standpoint and optimize basketball/Olympic sports revenue in the post-consolidation era. There are other scenarios, too, of course but that one came off the top of my head in response to your/other poster's previous thoughts.