I'm more inclined to think now that it will be a geographical split, with Syracuse and BC joining UNC, Dook, UVa and Maryland in the "Basketball" Division, while Miami joins FSU, Clemson, GTech, Wake, and NCSU in the "Football" Division.
How basketball would pair up in regular season would have a lot to do with how the ACC Tournament would be structured. If you allowed seedings based on overall standing (not divisional standing), which would be my preference by far, you could just have a flat 16 game schedule - 10 in your division and 6 vs. the other division.
Then come tournament time, you would rank all 12 teams 1-12, top 4 regardless of division get a bye, 5 plays 12, 6 plays 11 and so on, until you get a champion.
OTOH, if you go with a divisional format, with the top 2 in each division getting a bye, and the two divisional "champions" meeting for the title, you would really hurt the "Basketball" Division which could (and would) probably have the top 3-4 teams every year.
And, if you play 18 games with special "rivalry" formats, like UNC playing State and Wake twice, it would be seen as a real handicap. I think that could only work if you rotated the two extra games - one year Wake & NCSU, next year Clemson & Tech, and so on. Besides, who would be Syracuse's "rival" from the Football Division? Miami? Clemson? I think 16 games will work better.
In any case, this is likely 2-3 years away and a lot can change in that time - just look at our last 3 years.
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