A lot will depend on what happens to the Big 12 this season as far as getting a team into the playoff is concerned. It should be obvious to everyone by now that the Big 12 is #5 of the 5 Power Conference teams, and that the other 4 Power Conferences will gang up to see to it that the Conference that does not have 12 teams or play a CC game will suffer for this. If, for some reason the Big 12 loses out again, then you will see a major rush to grab two teams and go to a 12 team conference with a CC game. The Big 12 is in a tough spot because Oklahoma, and Texas (especially Texas) do not have teams capable of going through a season with one or less losses. Those two are the Marquee teams in the Big 12 and when they take a back seat to TCU (who was a member of the MWC just 4 year ago) and Baylor (A team that just expanded their stadium to hold 45,000 people) the Big 12 looks very weak. I think that OU President Boren is opening the door a crack just in case this happens.
Now out of two possibilities (expansion or a conference collapse), expansion is by far the easiest way to go. As Texas has already found out, the Pac 12 will NOT accept them and their Mickey Mouse network. They either drop the network, or go looking elsewhere. Texas would be blackballed from the SEC by A&M. The SEC is very strict on this. NO new schools from states that have an existing school in the Conference. That leaves Texas with no choice but to vote to expand the Big 12. What Texas has to realize is that their football program is doing a long, drawn out death roll, without the excuse of having been on probation, ala USC, Penn State, and others. They are simply NOT a National Championship caliber team, nor will they be in the long run. Too many Big 12 teams have caught and passed them. OU is not in that position. One solid recruiting class and OU is back in the picture. This is why many now believe that OU, and not Texas, should run the show in the Big 12.