It won't. There will be some form of litigation and negotiation where OU and UT will pay their exit fees early to leave early. I'm guessing the Big 12 doesn't exist after 2022.
Lawyers, crank up your billable hours. Bowlsby has made it clear he’s dying to go to court, would love to depose you and can’t wait to read all your texts and emails. “Do you let it go on or do you call your partner out?” asked a Big 12 source. “Even though they are our TV partner, I’m not sure they’re helping us at this point.”
NCAA Calls for A Constitutional Convention (their words)
Emmert foreshadowed Friday's announcement two weeks ago when he proposed a smaller governance role for the NCAA in which the decision-making power on a large swath of issues gets delegated to conferences and schools, or even a re-imagined structure where certain sports are managed separately.
1st order of business; make the NCAA smaller by firing Emmert.
Hmmm. Grass isn’t always greener. Other conferences should easily vote to not expand the playoff. Texas and OU will be now be in the playoff as much as A&M.
There is still time before 2025 for the OK and TX governments to act. It would be politically but not legally difficult to pass a law saying that state institutions cannot lease state property (media rights) without permission