$40 million snub for two Pac-12 schools in the recent ACC expansion board meeting amid rumors of conference's dissolution: Reports

A move to the ACC is looking increasingly unlikely for the two Pac-12 schools, Stanford and Cal.

Stanford, Cal, Oregon State, and Washington State are the only four teams remaining in the Pac-12 after a mass exodus.

While Oregon State and Washington State seem to be ready to work hand-in-hand with the Pac-12 leadership structure, Stanford and Cal are looking elsewhere. The ACC has remained the only Power 5 conference that hasn't added a new school in the ongoing conference realignment, bar the Pac-12. So, the two Pac-12 schools, Stanford and Cal, naturally drifted towards it.

Although the ACC is ready to bring the two Pac-12 schools on board, the voting requirement to add them has not been met. During its last Board of Presidents meeting on Friday, the voting requirement was still not met, according to CFB insider Jim Williams.

The implications for Stanford and Cal are big. For one, they will miss out on the $40 million media rights revenue of the ACC. It's pertinent to note that media rights money played the biggest part in the unraveling of the Pac-12.

What is the fate of the Pac-12?

The future of the remaining Pac-12 schools becomes more unclear with each passing day. Urgency is the need of the hour, given the current Pac-12 media deal runs out by the end of this season.

The conference brought in sports administrator Oliver Luck to evaluate its position, advantages, and opportunities going forward. Some of the theories making rounds include a potential merger with either the Mountain West or the AAC.

Whatever happens, the next couple of weeks will be decisive and fans should tighten their seat belts for the exciting ride.