Although I believe Boise State voted in favor of the merger. As an unfortunate result, we should still pay some sort of exit fee.

Pays for everything. To the tune of 20 mil. exit fee from the B.E. Thanks Mountaineers!

gives BSU leverage. Without other factors, which I think support what I’m about to say, the Broncos, if they leave in 13’ should not pay an exit fee.
A. When BSU officially leaves to the Big East, the MWC will have been dissolved in order to form the new merged conference. This means that the MWC whom BSU made their agreements with will cease to exist. Therefore making their agreement null & void.

“Citing college football industry sources, McMurphy writes that "[t]he reason that the institutions are dissolving and forming their own league is for legal reasons." What those legal reasons are was not detailed”.

B. For whatever reasons legally (To protect themselves) they made the decision to dissolve, and in business that sword cuts both ways. Generally, an entity dissolves so as not to incumber the new business with any liabilities. Fortunately, for BSU, that also includes negating future income also. Oops sorry MWC.
C. This is out side of the above, but IMO, any lawyer could tie the MWC up in court long enough for them to say “the heck with it, we’re losing money on the TV deals we’re trying to get with the new conference, that we can’t, but need to dissolve first for, just to fight for something we might not win.”
C.1. The MWC, BSU signed up for, ended up not existing.
C.2. The MWC/USA merger we voted for is not going to exist either, with, or without us.
C. 3. The part that amazes me is, nobody points out the obvious. BSU’s benefit to signing the contract with the MWC was an obvious improvement in SOS. That benefit went away, which in itself is a breach of the contract. In any contract there has to be benefits to both parties, and when one side gets their benefit, and the other doesn’t. its reason enough to file for a breach of contract. Its not like the Big East, who has had agreements with those teams for awhile, & now their bolting for greener pastures.
They’ve had their Orange Bowls & Fiesta’s ect, ect…There is a reason for the fines, and we suffered the consequences, but even there the MWC benefited(exit fees payed). BSU however, still no AQ, and still no SOS. Its obvious, and its only getting worse with the merger. Where’s the BSU benefit? Nowhere. I believe a judge would see that we have a good reason for leaving the MWC. As an entity, their a bunch of flakes.

So, NO. BSU should legally tell them to take their exit fees and shove it.