My $0.02 on the ACC strategy:
Go B1G route. Pre-empt the Big 12 and go after Oregon, Washington, Stanford, Cal, Arizona, Colorado, Utah to lock up the West Coast and open the ACC to bigger markets and schools with good athletic and academic programs.
Oregon/Portland: #25 TV market, AAU member, Nike money and marketing
Washington/Seattle: #14 TV market, AAU member
Stanford-Cal/San Fran-Oakland: #6 TV market, AAU members
Arizona/Phoenix: #12 TV market, AAU member
Colorado/Denver: #17 Market, AAU Member
Utah/Salt Lake: #34 Market, AAU member
All of those programs have historically good, or recently very good programs. They all have a good to great brand in football and basketball.
Academically, they are in line with traditional ACC academic values.
IMO, this is move to keep the ACC viable for both network $$$ purposes, but also down the line. It gives the ACC network increased inventory, and the ability to highlight our conference on the national level, and the post 8pm time slot during football and basketball seasons. It doesn't make the West Coast side dependent on the East Coast side for scheduling purposes, but gives the league the flexibility for compelling week to week matchups.
It also gives us leverage to negotiate with ND a full 8-9 game ACC schedule, which although it wouldn't give ACC the same revenue power of the B1G and SEC, but would help close the gap...which in the long run is probably the best scenario for ACC viability.