Bettyann:

This is interesting. I forgot how much money the remaining schools could make from the penatly fees. The remaining 5 schools could try to broker a football alliance with the Big East but remain the Big 12 in name.
Officials from five Big 12 schools — Kansas, Missouri, Kansas State, Iowa State and Baylor — held a conference call on Saturday, The Kansas City Star reported. The schools agreed they would like to continue as members of the Big 12.
The five potential teams that could be left in the Big 12 if the exodus of five others continues to the Pac-10 would be wise to remain together, a conference commissioner with experience dealing with expansion told ESPN.com’s Andy Katz.
The reason is simple: The five remaining schools would be due a huge payday and ultimately could salvage automatic berths to the NCAA tournament and possibly the BCS through expansion themselves.
The commissioner, who didn’t want to be identified because he’s involved in the ongoing realignment of college athletics, told Katz it would be critical for Kansas, Kansas State, Missouri, Baylor and Iowa State to maintain the Big 12 as an entity or corporation.
“The assets, the amount of money that they would be due by exit fees back to the corporation would be huge,” said the commissioner. “Rather than dissolve the Big 12, they are better off as a Big 12 entity then moving to the Mountain West.”
Taken from:
http://sports.espn.go.com/ncaa/news/story?id=5282178