Those UCF ass hats have been very very quiet, makes me wonder, have they been behind this whole thing and will be announcing their move to the Big 12?
They would except it sounds like the Big 12 is done. I actually think if they had calmer heads they would take their lumps and face the fact that they are now significantly watered down but not dead. They still have Baylor who just coasted to a BB Chip and has built some FB cache. You still have Baylor, TCU, Ok St, Iowa St, Kansas St and West VA all who have had their level of success in Football. Having 10 teams never made sense anyway so this would be their chance to get back to 12 and be a viable if somewhat lesser conference.
They could get to 12 by adding UCF, Boise St, Houston and Maybe Memphis to get 3 new states of viewers and adding a second major Texas region.
Obviously this wouldn't make up for losing their 2 Gold Standard teams, but it would be viable BCS sports conference and give them a base to build on, and at least one team in the expanded 12 team playoff each year.
But unfortunately for the have-nots, some of the teams are already looking to bail so it looks like it's too late to salvage it unless some complete reversal happens and either or TX or OK change their mind.