If the Longhorns and their calves (I'm looking at you Oklahoma, Texas Tech, and Oklahoma State) stampede to the Pac-10, then maybe there's hope after all for the Big 12.
According to this plan, what's left of the Big 12 would merge with the Mountain West Conference to form a new Big 12 (Big 15?). That's Kansas, K-State, Iowa State, Missouri, and Baylor (and A&M?) adding the 10 Mountain West teams. The Mountain West includes Utah, BYU, UNLV, San Diego State, Wyoming, Colorado State, Air Force, New Mexico, Texas Christian, and now includes Boise State. By merging under the Big 12 name, you keep the BCS rights of the Big 12 and get the payouts of those turncoats that left early.
If the Big 12 just dissolves, Nebraska and Colorado pay no penalties because there's no one to pay.
Rumor has it that the new Big 12, which would number between 13 and 16 teams could pursue schools like Houston or SMU, if necessary, to round out a group of 16. Personally, I'd love to see them jump on this and beat the Big Ten to it, claiming the name Big 16 while it's still available. Sixteen seems to be all the rage lately.
I don't know much about Craig Thompson, the commissioner of the Mountain West, but I'd suggest he ought to replace the Big 12's Dan Beebe, since Beebe doesn't like 16-team super conferences.
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