College football's Great Realignment has been on pause in recent months.
After the seismic moves we saw in recent summers -- Oklahoma and Texas announcing they were joining the SEC in 2021, USC and UCLA announcing they were joining the Big Ten in 2022 -- there aren't all that many conceivable earthquakes remaining. But with the ACC unsettled, members of the Pac-12 continuing to wait (and wait, and wait) for numbers on a new media deal, and the Big 12 looking to do something bold, discontent and uncertainty are high.
With the ACC's long grant-of-rights deal still legally impenetrable at the moment -- and, therefore, the thought of ACC programs leaving for another conference remaining unrealistic in the short term -- the next if-then moment is pretty well understood: At some point, the Pac-12 will announce its new media rights numbers, and either they will be good enough or they won't.