Except they aren't using anywhere near 5 - 7 Mbps for their MPEG2 - that's more the range they use for MPEG4 HD. As an example, 101 tpn 1 has 17 MPEG2 SD channels and 4 MPEG2 audio only channels, out of a total transponder bandwidth of about 34 Mbps, meaning slightly less than 2 Mbps per channel on average. MPEG4 is roughly 2x more efficient than MPEG2 so the MPEG4 SD channels would use 1 Mbps at equivalent quality, but let's be as pessimistic as possible and say Directv decides to greatly increase quality with their MPEG4 SD channels and uses the same 2 Mbps they use for MPEG2 SD on their MPEG4 SD channels. And let's say they want to move everything on 95 & 119 to 101. I'm guessing you think this is impossible. Let's see...
Directv currently has 250 HD channels, 11 MPEG4 SD channels, 414 MPEG2 SD channels, and 90 MPEG2 audio channels. There are a handful of HD only channels, I'm not sure how many, let's say there are 10 of them so 240 of the MPEG2 SD channels are duplicates of HD channels and simply go away. That saves us 480 Mbps.
So let's see what needs to move off 95 & 119. There are probably a few MPEG2 SD channels on 119 that are duplicates of HD channels that won't really move, but we'll be pessimistic again and assume there are actually zero such channels. Thus we need to move 61 MPEG2 SD channels off 95, and 74 MPEG2 SD & 16 MPEG2 audio off 119 - there are also three MPEG4 HD channels on 119, we'll move those to 99/103 where they really belong. To handle 135 MPEG4 SD channels moving from 95/119 to 101 we'd need 270 Mbps at our very pessimistic 2 Mbps figure, plus let's throw in another 10 Mbps for the 16 MPEG2 audio channels, for a total of 280 Mbps. That leaves us 200 Mbps from the 480 Mbps we saved by dropping all the MPEG2 SD duplicates, which equals roughly six transponders left over!
But wait, there's more! There are currently 6 transponders on 101 used for MPEG2 SD spot beams. Those will be discontinued and used for CONUS after MPEG2 goes away, which means we would have TWELVE unused transponders on 101, even moving everything off 95 & 119 to 101 using unrealistically pessimistic figures.
So yeah they will terminate the lease for 95, dump 110 & 119 (they have almost everything off 110, it will be shut down at any time now) and not need to move any non-4K channels to reverse band.