Who knows? Maybe they don't think there are enough UConn fans in CT, Rutgers fans in NJ, or USF fans in FL to offset the money to be made from an expanded BigXII, SEC or ACC.
Ultimately, I really don't have an idea what the end game is here. Something just doesn't seem right, with the way things are being handled here. I mean, once again, I'm not naive about a billion dollar business, but at the root it's college football. The regional rivalries, traditions and conference affiliations are what makes the sport what it is. I feel the expansion will only hurt college football in the long run, when in a 16 team conference you could go 2 years without playing a team in your own conference, I mean, what a joke. IMO, things the ball started rolling with conference championship games and the 12 team conferences.