I'll agree, $7m probably isn't going to light a fire under anyone, but also isn't going to make much of anyone happy either. It'd be great if Yormark was able to move up our negotiating window to get a firm apples-apples comparison for anyone on the fence as well as different Big XII + 2/4/6 PAC schools in different configurations.
The PAC would probably hold together for a 5 year deal if the difference comes down to $7m per year. But if some members demand unequal revenue distributions, that $7m gap widens in a hurry and the PAC might have a lot of members to try to placate. Then the questions become, who would actually go to the Big XII (Stanford?)/how would the Big XII take (4? 6?), how much would it take to keep each school in the PAC, and how much would OR St, WA St and Cal agree to give up to keep the conference together? What it 7 schools demand $37m to be on par with the Big XII? Would the last three agree to less than $14m if the alternate is a conference that's essentially the MWC?
I could see OR, WA and Stanford wanting to keep the PAC together. A 5 year deal sets them up to do one more short deal before the ACC GOR comes up and all hell breaks loose again. They'll want to have their deals to sync with the ACC's.
What I'm not certain of is what the corner schools think their long-term options are. It would be surprising if the Big 10 didn't want additional West Coast teams to pair with USC and UCLA at some point in the future. Maybe that's in the next 5 years, maybe that's a little further down the road, but that would be the end of the PAC. So what's the advantage of sticking around when everything seems to indicate the conference is on borrowed time, particularly when staying means passing up a little more money?