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Expense is one reason I could see this working. First, no 2 teams are likely worth $60M+ per year, which is what ESPN would have to increase the ACC's payout to if 2 more teams were added -- just to break even. I don't even think full ND membership + whoever is worth $60M, since it's only 4 extra home ND football games in odd years. Whoever NDs partner is won't be carrying their full weight so ND would be subsidizing them. I think ESPN would ultimately pay it to lock up ND long-term.

But a UT deal would pay for itself. The ACC would pay UT a nominal rate like for the football games, like they do for ND, which is currently around $6.5M. Unless something happened to the LHN, the ACC wouldn't give UT a full share of the ACCN. So total cost is only $6.5M + whatever fraction UT would get from ACC for hoops and tier2 games. The question is whether UT could get an NBC-type national contract for its home football games. That's questionable.
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ND's $6.5 million from the ACC has nothing at all to do with football.

That is ND's full share minus football, i.e. for basketball, etc....

ND gets absolutely no football money from the ACC, other than a share of the bowl pool if, and only if, ND goes to a minor bowl.

ND will get a full share of the ACC Network profits, but that will be more for basketball, baseball, women's basketball, etc......