for financial reasons. Cal as well. All three are heavily indebted and have already spent the next several years of PAC12 checks. The salaries of their entire Athletic Departments and coaches is based on P5 money and the commiserate fund raising. Joining the MW is a non-starter because they will be tens of millions short in cash flow, just to keep the lights on.

I don’t know what happens or how a public university defaults on hundreds of millions in debt, but we should find out shortly