Well now that the 5 Traitors indeed announced formally and paid their $5,000, any merger talk (there had been quite a bit elsewhere) is dead and buried. And since that June 1 date has passed, I am not holding my breath on the now 15 Day-old mediation talks resolving anything. Bet the MW has already folded up their laptops and said "see ya in court".
I guess the next important date is July 1, when I assume the exit fees for Sun Belt schools (our only remaining options I guess) will double for less that a year's notice. Although I can't find confirmation of that. What I do find says the $5M. And edit - I forgot NMSU is in C-USA, where exit fees aren't much in any event.
The Sun Belt school Texas St, and New Mexico St(not in Sun Belt(if I remember right), are not the only options IF IF Pac 12 reach a settlement with MWC.
If the a settlement is reached and the MWC get enough money from a settlement then UNLV stays in MWC. But if the MWC does not get enough money from settlement, and either does not pay the 100 mil to UNLV, or at least enough of the 100 million to UNLV, then UNLV can claim breach of the contract that they signed with the MWC, and can leave the MWC and join the PAC 12 if they want.
And if UNLV stays in MWC, and if PAC 12 get enough money from the settlement, then the PAC 12 can offer Memphis more money, a better offer, a non lowball offer, between about 10 mil to 13 mil to 17 mil to 20 mil to 23 mil to 27 mil to 33 mil that better then the 2.5 mil lowball offer that Memphis rejected.
The Memphis AD has hinted, clued, suggested that if approached again with a non rip off, non lowball offer, and get a better worthwhile offer, that they, Memphis will, would seriously consider it, and might join the PAC 12.
And the same is probably true for Tulane as well.
But if the PAC 12 dont get enough money from a settlement with MWC, or if no settlement, or if PAC 12, does not win a lawsuit in court, etc, by July 1st, then Texas St, New Mexico St, would probably be the PAC 12's only options.