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I don't disagree @Fishy, at least in the near term. The engine that makes the Big 12 palatable to Texas is the LHN. Absent a dramatic change in it's profitability ESPN is not going to extend it past it's current term. Texas won't stay in the Big 12 after that happens.
JMO but the engine that makes the Big 12 palatable to Texas is not specifically The LHN. Its the knowledge that they have absolute control over the conference that fuels their ego. They set the agenda and they get whatever legislation they want passed. They know that as long as they stay in their little fiefdom it will remain a P5 Conference. The rest of the conference knows it as well, so those without other options play ball. OU will likely leave when the GOR expires, and Texas will shrug their shoulders and replace them with another pawn who will owe their good fortune to Bevo.