If I understand correctly, the Big 12 did not get a network, did not expand, is going to a division format and will play a CCG.
None of the above do anything to improve the long term stability of the conference. I expect that if the Big 12 wants to expand they won't tell us until it is a done deal and all of the negotiations are done. I didn't think that would happen this week, so I am not shocked at yesterdays statements.
It is possible that the Big 12 is not expanding, but I think it is also possible that expansion is happening and the Big 12 is in the early stages of negotiations with potential additions.
Even of the Big 12 doesn't expand, the fact that they didn't address long term conference stability issues means that there is potential for more CR movement as the GOR's get closer to expiring. UConn needs to continue to make itself more attractive in the mean time. Waiting sucks, but I don't think we are doomed just yet.