Econ141, what I believe.
I agree with you about the athletic potential of California & Stanford in the long run (just athletics). This does not factor in the Academics where California and Stanford outshine everyone else.
Currently, Oregon and Washington (more so) are of greater value than California and Stanford. This is based on what has been reported. If California and Stanford made the changes necessary, they could flip the script.
What we do know is that Oregon and Washington both approached the Big Ten about membership. They were very public about it. I have not heard anything about California and Stanford approaching the Big Ten. Maybe they have, just have heard nothing but crickets.
Say they have. Given how the Big Ten operates, you will not hear anything until it is announced. Look at Penn State, Nebraska, Maryland, Rutgers, USC and UCLA. Outside of Maryland where it broke a week or two before the announcement, crickets until it became public.
As I have said before, my observations of the Big Ten is that they are very slow to act. They like to integrate the new university into the system of how the Big Ten operates (see what was said about the BTAA).
Given the limited funds available to the media partners at this time, it may require creative programming (Friday night and/or Saturday night games) to create a window to generate additional funds for the new members. Add in, that the Big Ten does not want members to unfairly bear the burden of this. Is it fair that Indiana or Minnesota or California get stuck with multiple Friday/Saturday night games.
Also add in, we don't know what is really happening inside Big Ten headquarters. Are they active or are we operating with a lame duck administration. Again crickets.
How do you eat an elephant, one bite at a time. Plus, I believe the Big Ten is being cautious as to not kill the PAC. Now if it collapses, it will be interesting to see what they do.