There is absolutely nothing good that would come from a power school leaving this conference. The Big 12 is entirely too top heavy. If Texas leaves, A&M goes with, as Texas Legislature will not allow Texas to go anywhere w/o them. The money lost from Texas' two flagship universities would cripple this conference. Same w/ the North. If Nebraska left, they have the luxury of making the decision for themselves and them alone, as does Missouri. However, Nebraska and Missouri leaving would open up Pandoras Box of Conference realignment, IMO. (The old SWC will never come back, thanks mostly to an isolated TV market inside the state of Texas). With the North losing 2 teams, the big players in the south will either a) take 90% control of the Big 12, from TV, bowl slots, fanbase, recruting, etc. The North will become even more insignificant than it has since 2003. The other option b) is for the South schools to shop themselves around, and lets face it....there are lots of options for nearly every South school to listen to. Texas/A&M combo would be a huge get for any BCS Conference, more than likely the PAC-10, b/c no SEC East school administration is going to allow 2 Texas schools to join and cause a Division realignment that puts LSU, Alabama, Ole Miss, Texas, Texas A&M, Arkansas in the same division. The Pac10 and Big East likely get into a bidding war for an OU/OSU combo or an OU/TT combo. Or even an OU/KU. OSU would be in a positioin similar to ours.
I wouldn't be one bit surprised for the Big East to make a hard pu$h at KU joining up. I don't see how anyone leaving the Big12 that doesn't put us into a MWC, C-USA conference.