Lots of folks seem to be looking at this pending move through the lens of the past. Lots of things up in the air with the pending House Settlement next week (Dr. Wood indicated that Sac State is opting in) and the new governance model being discussed/negotiated by the power brokers (SEC & B1G) of the college football. College football as we have known it has been changing quite dramatically over the past few years and that trend will probably continue until all the lawsuits, settlements, and possible Federal legislation on the various issues are eventually sorted out. In the meantime, Dr. Wood has positioned Sac State well to take advantage of the current environment.
For us Hornet fans that keep a close eye on things, the notable difference this time around with the stadium/FBS push was the fact that Dr. Wood raised student fees to increase athletic operating budgets and athletic facility improvements that go into effect this fall. Dr. Wood also ran a concurrent PR blitz to generate interest/hype/notability of this current stadium/FBS push. Past efforts were more seemingly hopeful something would just come along and fall in our lap, or that local media would care. Notable difference in approach by Dr. Wood by going out and making noise and being proactive in getting tangible results. Hate on his approach all you want but anyone that lives life knows the squeaky wheel gets the grease.
That said, I agree with the poster that stated this is a high risk - high reward move. The high risk is leaving a stable conference home for football with the known variables for FBS Indy status with a lot of unknown variables.
Monetarily, I'm not overly concerned with our situation. California wastes billions on illegals and other awful policies like a high speed rail to no where, so I couldn't care less on a few million a year being squandered on the only D1 football program in the state capital. The students were always going to fund the significant portion of this push and the new fees will bolster that aspect.
My understanding is that the NIL pledges being touted were contingent on a PAC invite, however I image a significant portion of those pledges remaining with our move to FBS. I think the biggest factor in whether or not those NIL pledges materialize is more dependent on the economy holding up rather than PAC vs MW vs Indy.
Being in the 20th largest media market will go a long way in allowing this move to FBS to be a success. Immediately upon reclassifying as FBS, our media value will see an significant increase so the questions is how much of that potential will be realized sooner rather than later. Given the move away from large TV deals for the non-power conferences, I suspect streaming will play a significant role in getting eyeballs on Hornet football. Once FBS status is approved, Hornet admin needs to be pounding the door of our regional and local media stations that broadcasts our games to get a new contract as well as looking to a streaming partner to get games available via that avenue. All of that will be revenue directly into our coffers without having to share a dime of it to a conference. Ticket prices, merchandise, tailgating, etc will/should see an increase in pricing to generate more revenue.
IMO scheduling will be the make or break factor for this move. '25 is set already, and I would assume Hornet admin is already in discussions with FBS programs for games in '26 and beyond. With phase 2 of the stadium build set for completion before the '26 season, this will go a long way in getting known brands on the schedule in Hornet Stadium. For those familiar with the Sac area fans, you already know that people will show up for what is deemed as "noteworthy" games. Home games against regional peer institutions (Fresno State, Nevada, San Jose State, San Diego State) will sell tickets. If we can even land a home game against a bigger name (former Pac 12 schools) it'll be a financial and PR boon for Hornet football. For those thinking the bigger names won't come, you have to consider that those west coast B1G programs will likely want to stay as regional as possible in non-conference scheduling so I would believe a home and home is a possibility.
Long post, so sorry for droning on. Bottom line is our situation is unique given the current environment of college football compared to other FCS programs looking to make a move to FBS. Our uniqueness is one that, IMO, makes it worth taking the risk on going FBS even if Indy status.