I'm so glad the Big Ten didn't add Missouri... I don't see what that would have possibly added. Big Ten seems to understand that expansion isn't the goal in and of itself, but that it has to be done strategically. Every new team is a new mouth to feed and needs to add more to the pie than the share it takes away. Nebraska is a nice addition because it does that.
I assume the Big Ten wants Texas, but isn't willing to take any freeloaders to get them because they have other options (unlike the Pac-10). Because of that, OSU and Tech had no ability to force the switch to the Pac-16. Had Tech and OSU switched on their own to try to force the Pac-16, the Big Ten would have happily taken Texas (now relieved of their baggage) and OU could have gone to the SEC with aTm.
I guess now the question for the Big Ten is, is there a Big East team other than ND they'd be willing to have even without ND (like how they were willing to take Nebraska even without UT)? If so maybe they go after that team now and hope it brings ND as well. If not, I guess they wait 12-18 months and try again for UT and ND.
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