According to ESPN (and this was also discussed last night by Pete Thamel of the NYTimes):
Texas and Texas A&M officials are scheduled to meet [today] at an undisclosed location to discuss the future of their athletic programs and the Big 12 amid speculation the league could be raided by rival conferences and broken apart.Things are moving very quickly. One of the big problems with expanding to 16 teams is...how do you keep fans happy when they are fewer titles to go around? Well, the Pac 10 may have dreamed up a very obnoxious answer to that question (ht - blutarsky):
The coach said it's possible the Pac-16 would push for two automatic bids to the BCS, one for each division champion. That potential bonanza could open the possibility of the two division champs from one league playing for the national title, and it would eliminate the need for a conference championship game.If they move in that direction, the Pac 10 is essentially not a single conference at all. It's a modified version of the Pac 8 meets the Southwest Conference in a marriage for TV purposes only.
"The Pac-10 doesn't believe in a championship game," the coach said. "And coaches in the Big 12 don't like it anyway."
Imagine the SEC applying this thinking and expanding to 16. You'd have a league whereby the SEC East and SEC West champs both earned a BCS slot automatically, but there would be absolutely no "settling it on the field" in that scenario as the two division champs wouldn't meet in Atlanta. Bizarre.
-- Texas A&M and the SEC in talks? - SI.com
-- Scrambling to save the Big XII - NY Times