No it doesn't and I have no clue why people perpetuate this, except for they like being scared.
The Big 12 isn't going to cut ND the same deal they had with the Big East. And people still haven't told me where Texas would park it's other sports, because the Big 12 wouldn't allow them to stay, and no other BCS conference would likely allow them with the LHN.
hard to argue with someone that thinks his assumptions are absolute.
Why exactly does Texas want ND? ...riiight