Sounds great in theory... sort of like if Oklahoma and Oklahoma State join the Pac 10. That would provide a few more exotic destinations than Lincoln, NE for fans on occassion. I'm to the point where I'll believe it when I see it but that may be later rather than sooner (pardon the pun) if Congress gets involved.
From the Omaha World-Herald:
On Tuesday, Sen. Pat Roberts, Wildcat Republican, buttonholed Sen. Ben Nelson, Husker Democrat, addressing him in a hallway just off the Senate floor.
“Don't be the domino that blows college football up into four major conferences and gets rid of the NCAA,” a World-Herald reporter heard the Kansas senator tell Nelson. “It isn't going to do anybody any good when those dominoes start falling.”
Roberts added, in apparent reference to Nebraska Athletic Director Tom Osborne: “He doesn't want on his tombstone ‘He ruined the Big 12.'”
Nelson, for his part, deferred: “I just have a lot of confidence in Coach Osborne to make the right decision, ultimately.
[...] Roberts later told The World-Herald that if the Big 12 falls apart, Congress could act.
“There's going to be a lot of litigation, and then Congress will probably try to stick its nose into it,” Roberts said. “I would prefer that that not be the case, but there have always been antitrust concerns.”
When all else fails to provide an answer to what's going on with a situation...follow the money.