The only thing that makes sense is for the Big XII to remain.
None of the Big XII schools are a fit in the Pac 12. Colorado and Utah are a fit. That made sense.
No Big XII school is a fit in the Big East. Neither is TCU for that matter.
ISU, MO, KU and outside of academics, KSU are a great fit for the B1G but that leaves TX, OU, OSU, TT, Baylor, and for the moment aTm with nothing unless they picked up Houston, SMU, etc... then you might as well just call it the TX conference. OU is basically a team of texans anyway.
According to numerous reports, no one wants 16 teams and the B1G is content with what they have, and they should be.
OU and OSU are going to come to their senses I think. I really believe this is all just posturing for a better deal within the Big XII outside of aTm. I believe they really do want to get out.
The amount of travel required to play in a conference like the Pac 16 for an OU and OSU would be ridiculous. Forget Football for a minute because travel is minimal in football anyway. You take a handful of trips a year. But look at every other sport that is non revenue producing. Good luck with that future OU and OSU recruits!
Look at the pros and cons of staying and leaving...
Staying
Continue to recruit TX (HUGE)
Maintain lucrative TV contracts
Maintain a conference that exists in one time zone
Keel rivalries alive
By staying, you have a real shot at being in the Nat. Champ. game every year
You have the right to develop your own network
If you stay and ACTUALLY commit with the rest of the teams, you have stability
You have TX at the table willing to negotiate revenue sharing. Take advantage of it!
Leaving
You screw TX
You MIGHT get more money from TV but then spend it on your non rev sports traveling
You gain recruiting on the West Coast (which in my opinion doesn't offset losing TX)
That's it. I see nothing more to gain. In the end, it makes no sense whatsoever. Take the emotion out of all of this and I think the Big XII remains, adds teams and gets stronger.