I think everyone is tired of this yearly Big 12 scare. The only way to save the conference would have been equal revenue sharing (which already wasn't the case because UT, TAM and OU got more than everyone else).   And I guess everyone could have their own network.   Texas wasn't going to give back the motherlode so it's done.  The heart transplant last year just bought us another year.  We get to say our goodbyes and it's time to unplug the life support and move on.  

Let's figure this out logically.

We better start with the murderers of their second conference-  Texas.

 Texas is not going to be one upped by Texas Aggy.  Texas Aggy is going to a better conference than Texas no matter what.  Texas can only lose anywhere they go.  And now, with the reputation of a murderer - no one is going to be too happy to invite them into their conference.  I hear reports of ACC, of Big Ten (no LHN) of Pac 12 (regional network maybe).  Probably the only way to save face is go Independent in football only.  Another scenario I haven't heard of is go SEC with Aggy.   Bust the Aggy parade and get in a better conference.  While an unlikely scenario, Texas has to hate how that might end otherwise.  

OU.  OU would like to go Pac 12 but the Pac 12 may not be open to an east/west split.  It would seem that the only way the conference could expand is with an east west split with the old Pac 8 teams on the west coast and the eastern teams as Arizona, Arizona State, Colorado, OU, Utah, OSU, TTU and ?? BYU?  because I don't think it will be Texas.

OSU should be good either way.  Texas Tech is probably 50/50.   On it's own merit.....Tech doesnt have the dancing partner that OSU has.  Our is flaky, arrogant and only about themselves.  If others figure this out - we're screwed.  I actually would be fine with UT going independent and lets get BYU.  It is quite possible and probably likely that if Texas doesn't go to the PAC then either will Texas Tech.  I hope not.  I think that just like Aggy wants to go SEC, Texas Tech would love to go Pac 16 but if it's PAC 14 then we will be elsewhere.   

Last thought.  SEC how about another Texas team?  From West Texas.