The Mountain West has received signed commitments from its seven remaining member schools to stay in the conference, with all of them agreeing to execute grant of media rights from 2026 to 2032.

“Our immediate priority was solidifying the membership of the Mountain West. Now our focus turns to our collective future on behalf of our student-athletes,” MWC commissioner Gloria Nevarez said in a statement. “The agreements announced today mark a historic moment for the Mountain West and provide much-needed stability and clarity as the world of intercollegiate athletics continues to evolve rapidly. We are excited about our future and are executing our next steps in expanding the Mountain West.”

It also announced plans for how it will distribute money it received in exit fees from the five schools leaving for the Pac-12. Those schools – Boise State, Colorado State, Fresno State, Utah State and San Diego State — are on the hook for roughly $18 million each, per the conference bylaws, but negotiations could lead to decreased totals.

Once it is determined what the total pot is, the distribution breakdown will be 24.5% for Air Force and UNLV, 11.5% for New Mexico, Nevada, San José State and Wyoming, and 5% for Hawai’i.

In its own statement, UNLV said it expects a lump-sum payment from the Mountain West of between $10 million-$14 million in 2025, with additional payments between $1.5 million-$1.8 million over a six-year period starting in July 2026.

UNLV was the lynchpin for this to come together. The school signed a memorandum of understanding to remain in the Mountain West on Monday, but it was nullified when Utah State departed for the Pac-12 on the same day. After re-engaging with both the Pac-12 and Mountain West, UNLV again decided to remain, thanks largely to the financial package it described.

“The league is a genuine brand and an established product,” UNLV athletic director Erick Harper said. “Increased revenues are a vital factor. As we look ahead and continue our ascent as an athletics department, this also gives us necessary flexibility as we pursue our future goal of joining an autonomous [Power Four] conference.”

With six full-time members and one partial member in Hawai’i, the Mountain West still needs to add two full-time football-playing schools to meet the NCAA minimum requirement but would have until the start of the 2028 to do so.

The Pac-12 stands at seven members and will need an additional school by the 2026 season.