The worst case for SMU would be an upgraded MWC conference using the PAC-12 name and bowls. We'd be in the same situation we have been in since the start of the AAC with better access to the playoffs. Keep this conference at 12 teams with the strongest markets to maximize payoff. Our division would be pretty much the same it has been the last several years except for Tulsa and Houston would be replaced by Air Force and Colorado State. Cross divisional games, we replace UCF and Cincinnati with San Diego State and Boise State.
Oregon State
Washington State
San Diego State
Fresno State
UNLV
Boise State
SMU
Colorado State
Air Force
Navy
Tulane
Memphis
The MWC is left with: New Mexico, Wyoming, San Jose State, Utah State, Nevada, Hawaii
The AAC is left with: Tulsa, USF, Temple, ECU, Charlotte, FAU, UAB, Rice, UTSA, UNT