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Neither would move unless UNC/UVA were aalready in play. NCSU could not afford tolose any state funding & UNC would not let NCSU gain any potential recruiting advantage by say joining the SEC. In North Carolina you have to have state approval for anything including athletics even though the departments are self sustaining. UNC has enough clout within the Board of Governors & State assembly to block any move it doesn't approve of.
It's hard to believe the state of North Carolina would deny NC State a chance to increase its revenue (and therefore the state's revenue) by $20 million per year. If UNC did that to NC State, there would surely be pushback from NC State backers against UNC. That could severely damage UNC's ability to get things from the state.
Usually these situations are resolved amicably. I would think NC State would be able to go if they want and can show benefits to the state.