Hard for me to believe that this is even serious. CR is never dead, just off the burner from time to time. Our conference contract is due for renegotiation next year. Others are coming up. Even the Big XII GOR expires in just a few years now. How is the AAC the worst conference we could be in? It's probably the 5th best, as I sure wouldn't want to be in the Pac.
I don't see much happening in the next two years unless Notre Dame joins the ACC all in (unlikely) or somebody decides to move preemptively (possible). But I'd say in three years the pot will be on full boil again. The P5 might decide to split off, and form a new D1, or we could see consolidation among conferences or more expansion. The TV/Cable/Streaming situation is so muddled that I don't think they have a good view of future revenue right now.
If you take a look back, to when we had several smaller, regional conferences, each team negotiated its own TV rights. They had little leverage, even the big ones. That changed, and conferences sold the rights as a package, and even the biggest schools got more money. Then they set up networks to capitalize on non revenue sports. The trend escalated up to the new B1G contract. I think that's peak cable money.
The future looks rather different. Cable companies will be forced to cut spending on media rights. Big schools will want to claim their own T3 rights, and streaming rights. But somebody has to produce these games. It's going to become very interesting to see what happens. Meanwhile the NCAA gets the NCAA tournament money and doles it out to all the 300+ D1 schools. The P5 doesn't like this. They want more. Yet they know they they don't have enough teams to keep the magic alive. So if they split off, they have to bring more than P5 schools with them. I think it could become very chaotic in the next 5 years or so. UConn knows this and is spending vast sums to tread water until then.