I understand that Nebraska felt slighted because Texas, and probably the South Division of the Big XII, ran things. It is hard to deal with being the top dog and falling behind the top programs. I hope Nebraska can return to where they used to be, but with their recent difficulty with even winning the North Division, let alone competing with Texas, Oklahoma, etc., I can understand why they want out. I suppose that Ohio State will be more than willing to hold the Big Ten championship game in Omaha.
In reality, at least half of the teams in the existing conferences have no business, or chance, of competing consistently with the handful of big shots. You're kidding yourself if you think Purdue, Indiana, Minnesota, Northwestern, Iowa State, Kansas State, Baylor, Kansas, Missouri, Mississippi State, Vanderbilt, etc., have the long term ability to compete with Ohio State, Texas, Florida, etc. It is apparent that a few semi-pro, I will not refer to them as educational institutions any longer, want to control every dollar that they can. Let them form their own division and beat each other's brains out. Perhaps the NFL can go ahead and subsidize this developmental league so taxpayers don't have to. I will predict that in the near future, if you want to watch a college sporting event on TV, you will pay for each one, ala carte. Want to watch the Rose Bowl? Shell out $50 for pay per view. Want to see the Alamo Bowl? That'll only cost you $35. It's coming. College football has lost a fan.