Yes!!! This to the second power. Purdue & Northwestern are worthless from an athletics standpoint. They wouldn't even be missed except IU/Pur basketball games and a fun trip to Chicago. I think the rest of the schools either 1. Bring a whole state with them or 2. Stand on their own two feet as is the case with Sparty.
Any number of schools would do a better job of adding value and expand the league into new territory. I think the upper limit for the league is 20 and without hesitation I'd say the following schools are in (after the grant of rights and if interest is mutual): Texas, Virginia, Carolina, Georgia Tech, a Florida School (either FSU or Miami).
That only leaves one slot, However if we could extricate ourselves from the aforementioned league parasites then the last three slots would be available for some combination of Duke, Oklahoma, Kansas, Connecticut, and Notre Dame.
Given Notre Dame's insistence on independence... I think they are out.
3/4 odds ain't bad.