This might be a bit of revisionist history. The big 12 at 8 teams wasn't considered the #3 by anyone but big 12 fans. Grabbing the 4 G5 schools is a nice bandaid but we still dont know what the media dollars are going to be for the big12. No one expected the pac's deal to be THAT low, low sure but not that low. Also while the ACC has a horrific deal they do have a consistent playoff contender in clemson, something that the Pac and Big12 are lacking right now. While I personally think the big 12 is number 3 now, quite a few people look at the conference as a bunch of mid tier teams without any serious contenders which will hurt perception, recruiting, etc. I am very interested to see what the big12 gets for their media deal.
Absolutely, the Big XII at 8 teams was not a viable conference, IMO. They had to add quickly to keep those 8 together. My point was, the Big XII was #3 with OUT, replaced them with 4 G5 teams and is still projected to keep the #3 spot just ahead of the ACC for the next couple of years, at least.
Maybe projections were low for the PAC and someone is willing to pay a lot more than ESPN's $25m offer. Maybe the Big XII's projection at $40m or so is high. Maybe deeper dives into viewership numbers offers a vastly different understanding of what the value of those watching PAC games vs ACC games vs Big XII games than raw numbers indicate. There are a shitload of unknowns, but those of us here have to go with what we do know because it's July, baseball doesn't get interesting for another month and NFL preseason is still a couple weeks away.
Along those lines, it's hard to say what the perception of the Big XII will be with OUT out of the equation. Do other programs step up and shine? The CFP committee freaking loved us in 2020 for reasons that weren't entirely quantifiable. As for recruits, their perception is heavily influenced by who's been good the past 5-10 years (ie, what they experienced/remember) and who's gotten players into the NFL or at least in position to earn a spot there.