Weaker overall, but like someone else said they are clearly the #3 now. The ACC is top heavy, the Big 12++++ is solid and has a bunch of solid teams playing each other game in and game out.
If I am then I go after the ACC HARD!
Get some national brands with Clemson and Florida State. Grab up some other markets like GA, SC, NC, VA. I still think they would be #3 after that but it's a pretty intriguing league even with the bloat. Go to an east vs west format.
Throw in some formatting, like an Big 12++ Vs SEC yearly game, and maybe find a partners with a BIg 10 scheme as well. Could even be multiple games. Doesnt need to be full conference vs conference. Could even be just the bottom half playing. maybe give the smaller schools an equal rival and reason to watch them.
People complain about losing old rivalries, let's start creating some new ones. Plus bragging rights, read SoS, argument for the participating conferences.
They are clearly open to new things, games and bowls in Mexico, wacky realignment.