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If Colorado and Missouri leave, that really kills two of the (if not the two) teams with the largest media markets outside the state of Texas. At that point, it pretty much depends on what, if, and how much Texas wants to continue inclusion in the Big 12.
Realistically, if the Big 12 replaces Missouri, Colorado, and Nebraska with TCU, BYU, and Utah (although they are probably likely to join Colorado in that scenario), wouldn't they probably be better off, from a stricly athletic standpoint, in football and men's basketball? I mean, if you absolutely had to bet on those teams playing one another in football over the past few years, you'd have to think all three would be favorites over Colorado, would probably be favored against Missouri, and it would be, at worst, toss-ups against Nebraska.
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