I think most people's first choice would be for the ACC to add Notre Dame and a few more schools and continue business as usual. Assuming that isn't an option, would you rather see...
1) The BIG and SEC do their things and pick off more PAC schools and the ACC schools at the top of the hierarchy. Pitt is left to merge with the BIG 12, which also adds some PAC schools.
Conference looks something like: Pitt, WVU, Louisville, Iowa State, Kansas, Kansas State, Cincy, Syracuse, Georgia Tech, Duke, Houston, UCF, Baylor, TCU, Oklahoma State, BYU, Arizona, Arizona State, Boston College, Texas Tech, Utah, Cal, Stanford, Boise State.
2) Pitt somehow finds a place at the table with the new SEC.
3) Pitt somehow finds a place at the table with the new BIG.
Man, the money in #1 would be a fraction of what it would be in the other two options. So we know what the Pitt admin would prefer. But, especially in this NIL age, winning would not be easy in those latter two conferences. Whereas, in the first option, we would have about as good of a chance as anybody else (and a better chance than some) of winning that conference most years.
So which do you value more: Being competitive and playing in a solid conference or playing big-time football where being competitive might not be as easy?
When you really spell it out, I don't think the choice is a slam dunk.