I think OU is waiting around for a bit. They don't like Texas running the show, but the administration is also level headed and knows that they are the best dance partner to have for the last dance.
First, there is a chance the LHN won't work. Then, Texas will be ready to go. This might even be enough for the Big Ten to let OU in (which I think the Peesident wants). Texas also gives OU more leverage to move with Oklahoma State as well.
As for being tied to osu, I think they are saying the right things and legitimately trying to stay together. But if the opportunity isn't out there to move with them when the time comes, they will go alone and tell OSU that they did all they could, and would likely keep that rivalry. Because OU acted in good faith, it would be politically ok.
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