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Leaving the America Athletic Conference for a new wave Pac-12 will be an expensive endeavor.
Pete Thamel of ESPN reported that the exit cost for AAC schools to depart the conference is "nearly" $27.5 million per school for them to join the Pac-12 for the 2026 season.
Memphis, Tulane, UTSA and South Florida are current AAC teams that have been contacted by representatives from the new Pac-12, per Dan Wolken of USA Today. The Pac-12 currently consists of Oregon State and Washington State but has confirmed the additions of Boise State, Colorado State, San Diego State and Fresno State for the 2026 season.