Everything seems to be falling into place for five 14-team conferences.
Pac-14 with OU and UT.
ACC with 'Cuse and Pitt.
SEC with A&M and West Virginia.
Big Ten with Rutgers and Missouri probably.
There would be a Big 12/Big East leftover conference consisting of:
Iowa State
Kansas
Kansas State
Oklahoma State
Texas Tech
Baylor
TCU
Louisville
Cincinnati
South Florida
UConn
Note that this conference, still meeting the minimum requirements for the Big 12 (5 members sticking around and at least 8 teams) would retain that conference's BCS bid... and the 6 schools sticking around would get to split 4 shares of exit fees.
Have to imagine that conference would add three mid-majors (maybe BYU, maybe ECU, maybe UCF, maybe Houston) and we would have five 14-team BCS conferences. Big East would be done.
***Keep in mind that if this happened, and down the line we moved towards four 16-team conferences (which could be as early as a year later...), the Big Ten would then have three options for two slots in Iowa State, Kansas, and Notre Dame, and we would certainly be their third choice. We would have to root hard for ND keeping independence and/or joining the Pac-16 as has been reported. If ND does not join the B1G... we could slide in there.