Why is no one talking about the remnants forming a Texas-centric league? A combo of the SWC and Big 8?
The B12's first move would be to grab SMU and Houston. The non-Texas teams would have to go along.
Poor financial move? Perhaps, but it's Texas (State of), they do stupid things out of spite all the time. You all of a sudden have an entire, very competitive, league of UCF clones that don't give a rip about academics and plenty of wealthy boosters to keep more Texas kids at home.
After a few years of UT and AM finishing 5th or 6th in a 16 team SEC, these other schools start to look more attractive, especially if the Texas politicians, enough of whom represent all the other schools, incl. Rice, stick it to UT.
This is a great move for OU regardless and they should plan on going even if the Texas legislature blocks UT.
In case you're wondering, Rule #1 applies when the number of Texas recruits heading north of Norman, OK drops to zero.