I have to agree with this - KU probably doesn't move the needle as much as we might think it would.
OTOH, there is the standard argument that Nevada is already Pac-12 territory. From that POV, the Nevada schools don't really move the needle, either.
The thing to consider with Nevada is that it's at 2.9 million people, which would make it one of the smallest states with a P5 program. If you look at states with under 4 million people in 2015:
Oklahoma 3.9 million - 2 P5 programs (4.26% growth, 20th in US)
Connecticut 3.6 MM - 0 P5 (0.47%, 44th)
Iowa 3.1 MM - 2 P5 (2.55%, 29th)
Utah 3.0 MM - 1 P5 (8.40%, 4th)
Mississippi 3.0 MM - 2 P5 (0.84%, 41st)
Arkansas 3.0 MM - 1 P5 (2.14%, 31st)
Kansas 2.9 MM - 2 P5 (2.05%, 33rd)
Nevada 2.8 MM - 0 P5 (7.05%, 6th)
New Mexico 2.1 MM - 0 P5 (1.26%, 39th)
Nebraska 1.9 MM - 1 P5 (3.82%, 25th)
West Virginia 1.8 MM - 1 P5 (-0.48%, 50th)
Idaho 1.7 MM - 0 P5 (5.57%, 10th)
HI, NH, ME, RI, MT, DE, SD, ND, AK, VT, WY between 600k-1.4 MM - 0 P5 programs
For the current and future US, I can't see any justification for MS, KS and IA having two P5 programs. Connecticut should, especially since it pulls some of the NYC market. Nevada should. North Carolina should not have 4 with a population of 10 million when California has 4 with a population of 39 million, but California could justify going to 5 considering the size of San Diego. Ohio, with 11 million people should have 2. Etc.
If I was going to re-draw the P5 map, I'd keep all this in mind. For the Pac-12, I'd be looking very hard at demographic growth trends in addition to current populations. I'd also want to maintain geographic sensibility.
Top 10 states by growth rate:
1. North Dakota (too small at under 900k people)
2. Texas (27.5 MM, 9.24%)
3. Colorado (5.5 MM, 8.50%)
4. Utah (3.0 MM, 8.40%)
5. Florida (20.2 MM, 7.82%)
6. Nevada (2.9 MM, 7.05%)
7. Arizona (6.8 MM, 6.82%)
8. Washington (7.2 MM, 6.63%)
9. South Carolina (4.9 MM, 5.85%)
10. Idaho (1.7 MM, 5.57%)
Oregon is #16 and California is #17.
I think if I'm Larry Scott, I strongly consider grabbing UNLV. But I need to get into Texas.
My ideal would be UNLV, UT, OU and either TTU or UH (UT can pick).
But maybe OU and UT aren't available. Then I start looking at UNLV + UH, TTU and TCU.
And maybe I look hard at SDSU and Boise State in order to keep the power the Texas school(s) would wield to a minimum.
Finally, part of me always goes back to New Mexico since it's a land bridge to Texas and the population is concentrated enough in the ABQ/Santa Fe area (well over half the state's people) that it could be justified.
Could we do UNLV and New Mexico with 2 schools from Texas and own the map of the west?