I wonder what the networks were on all those games. We all know we were exchanging cash for being on Fox. Perhaps the crappy viewership numbers on Fox submarine the conference in the next round of negotiations, but I get the sense Ross ignores that because he wants Texas out of the Big 12, so let's just ignore the fox in the room.
Unless the Big 12 offer craters compared to what the Pac and Big 10 get when they renegotiate, I think we stay put. OU getting out of the Big 12 would be the only other domino that might fall and we aren't going to help OU when it comes to leaving. The LHN may not survive beyond its contract and if it continues, it will never payout what it did under the current contract, but I don't see where we would go that would be a more favorable balance of being a big fish and making big media money.
I still think a Pac co-media deal for T1/2 is the likeliest scenario, but I could also see the Big 12 reupping the T1/2 for 5 years at an amount between what the Pac/ACC and Big 10/SEC make.