The problem is that you never want to be the nicest house on the block, because everyone around you is bringing down your property value. That's what's happening to UM, FSU, Clemson, and UNC. If the ACC was a rental company in charge of renting out all the houses in the community, UM, FSU, Clemson, and UNC would all bring in 50M+ per year. Some of the other ACC schools would rent out for 30-35M per year, and some might as well be vacant lots charging for parking. Then at the end of the day the ACC pools all the rental money together and says "everyone gets $37M, look at that guys!"
Also it turns out the rental company's CEO was renting out some of the houses at a discount to his son's bosses. Oops.
We need to move our house to a nicer block.
Every conference has their top tier, middle tier, and bottom tier components of schools. They mostly stay in their alloted slots based on the size of their fanbase/ TV viewership, but do move up or down based on continued success or failure. This includes both the Big 10 and SEC.
Stage 1 of this reset of college football is the easy part. Taking the top tier from each of the 3 non-P2 Power 5 conferences. The Big 12 was purged first and was able to reconstitute itself into a respectable lower tier conference. Next came the purge of the PAC12, and they just totally imploded. 4 jumped to the Big 10 and 6 to the Big 12. Now, it's the purge of the ACC and the only thing keeping that from occurring is the GOR agreement that FSU is suing over right now. As soon as an agreement is made, FSU is definitely gone and the magical question will be which top tier remaining ACC schools will get the proverbial bachelor rose from the SEC or Big 10 to remain in the upper echelon of the sport.
Stage 2 will be the harder part. This will be when the TV deals come up for renegotiation and the TV bosses who are actually running college sports at this very moment give the bad news that they'll keep pay outs at $100M per year per school, but NOT for the bottom tier schools - Vandy, Miss St, Indiana, Purdue, amongst others. At that point, those bottom tier schools will have to find homes in one of the lesser conferences. My guess is this will be when ND will finally join the Big 10 as well.
The TV Masters will have officially changed top tier college football into NFL Light to give them top notch programming on Saturdays to match up with the Sunday pros on the big over-the-air networks (Fox, CBS, ABC, and NBC). For the ravenous fan, you'll still be able to watch the NCAA division 1 sublevel (Big 12, Group of 5) schools on various cable channels, but not on CBS, NBC, Fox, or ABC (unless its an OOC game with a P2 school on the road). Plus, I foresee most of the Group of 5 schools becoming weeknight only conferences (like the MAC has done every November for the past few years). There is a market for football on every night of the week and the only way to get ratings for these games will be to broadcast their games on weeknights because Saturdays will be full up of the P2 games.
The upcoming legal and predictably, Congressional entanglements will be exciting to watch in and of themselves.