Mountain West bylaws require departing schools to pay an exit fee of roughly $18 million with two years’ notice, which is what the four schools expect to pay, a source said. (That number would jump to $36 million with one year’s notice.)

The Pac-12 is expected to be in position to help the schools with the exit fees, in part, due to withheld media-rights distribution fees to departed members and other conference assets. The conference would also be subjected to $43 million in poaching fees, as outlined in the scheduling agreement between the conferences this year that resulted in Oregon State and Washington State playing six Mountain West opponents.

Jesus, they just decided to blow ALL the money when they could have done this way cheaper a year ago. I guess this also means that reports of a “hard no” from the Big XII may have had some truth to them, more’s the pity.