Those conferences all know that they aren't getting poached at the moment. No one in the Big 12 can agree to any agreement right now because they will all accept an invitation to one of those three when it is extended so any sort of agreement including the Big 12 is transparently meaningless. I do think that those conferences want to see as much extracted from OU and UT as possible and they are willing to let the Big 12 stand so as to achieve that goal. There's zero reason to make an official move before OU and UT leaving is imminent.
To extract the maximum money possible from UT/OU/ESPN/SEC:
1) No Remaining 8 teams would be picked up by Big Ten/Pac-12/ACC
2) Once this becomes clear to the Big 12, they will add 2-4 teams and get a media deal, which defines their new media income
3) The Remaining 8 sue OU/UT/ESPN/SEC for the difference between what they will make with their new deal and what they would have received remaining a P5 with OU/UT.
This would be a looonngggg process...
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