The Mountain West and Pac-12's settlement agreement brings an end to a 20-month legal battle, but the implications for Nevada, UNLV, and other Mountain West schools are far from clear. The settlement, which remains undisclosed, was a strategic move given the Mountain West's exposure of internal emails and the Pac-12's less-than-impressive financial situation. The potential payout of up to $155 million, including exit fees and a poaching penalty, highlights the financial stakes. However, the actual amount received by each school is uncertain, with history suggesting a settlement at 55 cents on the dollar, resulting in an estimated $82.5 million for the Mountain West. This initial payment, along with an additional $18 million in reserve, will be distributed according to a formula, with UNLV and Air Force receiving the highest shares. The settlement also includes media rights incentives and a commitment to maintain annual per-school media-rights distribution. Despite the settlement, the animosity between the conferences persists, and the Pac-12's desire to add UNLV remains a point of contention. UNLV's potential benefits from staying in the Mountain West, such as conference offices in Las Vegas and media rights flexibility, may outweigh the allure of the Pac-12's extra media-rights money. The settlement marks a temporary truce, but the rivalry between the conferences will continue on the field, with both leagues vying for dominance in the West. As sports columnist Chris Murray notes, the true test lies in the conferences' ability to maintain stability and compete effectively in the upcoming athletic season.