Actually, the consolidation of the University of Texas-Pan American and the University of Texas-Brownville is actually a pretty good example of consolidation that became the University of Texas - Rio Grand Valley. Both UTPA and UTB had sports programs. UTPA was Division I and UTB was Division III. It appears that all the sports programs are at the formally UTPA campus in Edinburg, but represent the locations in Brownsville, Edinburg, McAllen, Rio Grand City, and Harlingen as a DIVISION I university in the Western Athletic Conference (WAC).
I really believe that consolidation will probably look similar. It will be THE University of Alaska. Locations in Anchorage, Fairbanks, Juneau, and the surround smaller campuses. I hate to say it, but it is possible that all UA sports will probably end up in Anchorage a la UTRGV in Edinburg. We will probably get a new mascot like UTRGV did, and will be told to move on. No more Seawolves or Nanooks. It will probably be something like "The University of Alaska" Home of the "Aurora Warriors" like University of Hawaii "Rainbow Warriors."
However this is done, they will ask all of Alaska to get behind the NCAA programs in Anchorage. That way the Fairbanks "UA location" can focus soley on PhD programs and research.
Times have changed.