I wonder how long until the conferences realize that they don’t need to be splitting their revenue with the wake forrrests, vanderbilts and northwesterns of the world. Media markets mean nothing anymore, it’s all about fan bases.
FWIW, Nashville is one of the largest media markets in the SEC footprint (only Atlanta and Gainesville/Orlando are bigger). But No one here in Nashville watches Vanderbilt football, this city only cares about University of Tennessee. The Vandy stadium is filled with 80% of visiting fans every game. Not going to be long until Bama and LSU realize that they shouldn’t be getting the same revenue split as them and cut the cord on them.
I'd say there is a difference between Vandy, Wake and Northwestern and say, I don't know, BCU?
SEC fans like Vandy, even before the city blew up as an entertainment destination, because it was an easy trip for many of them, they could buy cheap tickets and the football game is usually an easy win. Plus, outside football Vandy is competitive in plenty of other sports. I think the same is true for Wake and Northwestern. Fans in the ACC and B1G are accustomed to easy trips for away games and not much competition. Those three small privates are geographically centralized too. Now, starting from scratch in 2021, they probably don't fit as well. But, they aren't going anywhere.
BCU brings nothing to the ACC. Same could probably be said for Pitt. They are geographic outliers who don't bring any excitement to the fan base and don't give the conferences anything close compared to what they take.
Same for Kansas St, Wash St. and a few others.