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These rumors are rather odd and somewhat contradictory. In some places, we have schools that refuse to allow a state rival to enter their conference. And in others, we have schools that are tied to state rivals so tightly that one can't move without the other. In other words, I don't believe anything until someone goes on the record and says it.
If the Pac 12 can add Texas and Oklahoma, it may well be worth taking two low-revenue schools (the State problem and the Tech problem). But unless they're getting a top-30 revenue-prestige school, the top three conferences (Big Ten, Pac 12, SEC) have no incentive to even consider an application.
Texas A&M, Oklahoma, Texas and maybe Missouri meet that threshold. I don't think the Big Ten is even paying attention right now, unless Texas or Notre Dame calls.
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