it's not a scenario I am routing for. But if you are trying to look for positives if that happens - that's one. I also think the payout gets better than $4M per school.
OK ... I hate to be so negative, really, and I'll stop after this. But apparently this stuff needs to be written. I thought most of our fans knew all this, at least at some level.
The school still has a lot of debt for the stadium improvement and FOB, even though it refinanced some of it. The university took out more debt to help bridge the COVID gap. Those were to be repaid with Pac-12 media rights and bowl distributions.
Pac-12 schools are set to get something like $30-35m a year in the expected media rights deal in 2024.
So let's say the Mountain West doubles its deal in 2026. Let's go even more than that -- a 250% increase. Probably won't happen, but sure, why not. That's ... $10m/year. So $10m a year instead of $30-35m for a school that already was broke and paying off debt when it had $22m a year rolling in from Larry's lousy deal. The implications are pretty obvious and, while I won't play it out, that is some serious shit.
Also, WSU wouldn't be expected to be some kind of dominant force, even in the Mountain West. It's not like you take its current players / recruiting and just compete with Mountain West have-nots. The only reason WSU even recruits at its current level is the Pac-12 affiliation. WSU would settle into a lower- to middle-tier position in that conference in view of its location. It could probably still land some Washington kids who aren't P5 caliber, but California and Texas recruits aren't choosing WSU over places like San Jose, Las Vegas, San Diego, Honolulu, and some others, even if WSU could hang in there with some of the other places like Laramie, Logan, and Fort Collins.
Meanwhile, WSU not only would have to adjust to the Mountain West revenues but would have that debt overhang from its attempts to keep up in P5, which would really cramp spending, even in that conference. It would have a pretty nice FOB, but that's it. Attendance would be really bad, even if the team is good, and horrible if it wasn't. Donations would crater, etc. WSU could field a team and play in the conference, but man, the adjustment would be insane. And I write all this as someone who otherwise wouldn't mind the matchups in the Mountain West or the opportunity to compete. The financial and practical aspects are overwhelming, though.
So, there you go. If you take all that, there is no way in hell to not be appalled at the prospect. Looking at something like "there are some guys in G of 5 who played in the NFL," or "if we got in the playoff, we'd get exposure" are just so beyond missing the point it's hard to know how to respond.