I'll admit I would laugh pretty hard if the regents try to drag Cal along as a package deal and end up getting both Cal and UCLA left out. Even funnier is if UCLA gets traded for someone like UW instead of Stanford. At least if Stanford takes the spot some of that money still flows in to Cali. But I can see UW being a more appealing option.
If the big 10 really is all about trying to get ND in eventually, getting Stanford in might be their preferred option.