Amazing. Texas is staying, and the Big 12 moves on with a new TV contract.
So now the Big 10 has 12 teams, the Big 12 has 10 teams, and the Pac 10 has 11 teams (for the moment; they're likely to pick off Utah to make an even 12). All that's left to see now is whether the Pac 10 takes Utah and what the look of the Big 10's divisions and championship game will be.
Bummer. I was rooting for mass chaos.