When Sam Eckmann of Gold Derby guested on this week's episode of the Broadway Breakdown podcast, he mentioned that he's hoping they hold off on an announcement until after this year's Tonys. He feels that if this gets announced before final voting closes, it would hurt Levy's chances of winning for Ragtime, thus they may just save their votes for next year. But then they discussed how that never works.
Although we have seen scenarios like Kelli O'Hara contending for The Bridges of Madison County, announced to star in The King & I the following year, lose for the former, but win for the latter. Then again, there's been other scenarios like Laurie Metcalf contending for A Doll's House, Part Two, announced to star in Three Tall Women the following season, but still win for both.
In fact, I remember prior to the 2019 nominations announcement, my friend was predicting her to miss for Hillary & Clinton because she was already announced to star in Who's Afraid of Virginia Woolf? the following year. My response to that was "I think that would more hurt her chances of winning than of actually nominated." Low and behold, Metcalf not only did the make the cut for Hillary & Clinton, but Virginia Woolf closed during previews.