Talked to my conference insider today. Same one that told me about Patterson (before it fitzed up).
Texas AD told nubb and mizz that right now, 'they're dating the second best girl and wanting to date the number one girl...but they better be careful, because the number two girl is about to dump them.'
basically, EVERYTHING is going to be in nebraska's hands. If they stay, then the big 12 stays together. They leave, and the 6 teams go to the pac10. That simple. Mizz mumped themselves and are going to be out regardless. Utah is the replacement.
Baylor isn't going to be bailed out by the Texas legislature this time. It'll be the south teams minus Baylor and Colorado that would get the invites.
Ku lobbied for the pac10 group, but UCLA said absolutely not...they have nothing to offer, and would just take hoops trophies. Ku is in worse shape than ksu as far as appeal.
MWC would likely pick up ksu and Baylor.
The above is 100% accurate. He is a high ranking person in a south school and has been in on closed door meetings.