This is why I think Oklahoma is bluffing Texas. They are trying to get Texas to budge. They have absolutely no incentive to do so, unless they can be led to believe that Oklahoma is going to leave. If they lose Oklahoma, the Big 12 is no longer a viable power conference.Thus, he lies the standoff: all four other Power 5 leagues would probably take Texas if they were interested and were to offload the LHN, but the Longhorns aren't looking around right now; they have no financial incentive to do so until something changes. The SEC and the Big 10 also covet North Carolina and/or Virginia, but neither of them are looking around presently. So if you're the Big 10 or the SEC (or the ACC for that matter), do you max out to 16 with some combination of Oklahoma, Oklahoma State and/or Kansas (and maybe another ride-along team), or do you hold out a decade or so for who you really want?
With the Pac 12 at 12 members, they would have the flexibility to take a couple teams and still hold out for Texas someday, but it is hard to see an OU or Kansas going west outside of a cluster of 4 teams to mitigate some of the travel distance.
As for Kansas, that is exactly why I think the Big Ten would be interested. The AAU status and basketball. There is a ton of money to be made in basketball, and right now the ACC and the Big Ten are making most of it. Yeah, Kansas has nothing to speak of in football terms, but the Big Ten already has that covered. I mean, they added Maryland and Rutgers. Also, if they can get Oklahoma in a package deal with Kansas, Oklahoma shores up the football side of their West division. But there are a ton of caveats with that. Oklahoma's football success is completely tied to the state of Texas and they would be leaving that behind if they went to the Big Ten with Kansas as their expansion partner. I honestly don't ever see that happening.
But Oklahoma needs Texas to believe it could happen. I do think this is going to take a number of years to work out, probably when the next round of tv contracts comes up. That's probably about as long as the Big 12 has as a collegiate sports entity, unless they do what needs to be done in the mean time. Status quo is probably not going to work out.