When Texas decided to stay in the Big XII, the conference seemed like it had been saved from being carved up by the SEC, BigTen, and Pac-10. But they're still vulnerable. Texas A&M might be leaving the 10 team Big XII.
On August 22, A&M's regents board will decide the fate of the historic football program.
To be honest, I can understand why A&M might want to do this. Part of the reason U-Texas decided to remain in the Big XII was because it would be receiving a lion's share of revenues. Texas is the king of the Big XII, which is becoming an ever smaller kingdom. A&M could move east to the SEC, where the throne is contested, and they'd be treated as an equal.
And the Big XII can survive without A&M. Frankly, they let TCU slip through their fingers. The Frogs would have been a perfect addition to the conference, joining the 4 other Texas based programs of the Big XII.
And if A&M goes to the SEC, does the SEC kick someone out? Vanderbilt, perhaps? Mississippi State? There's also rumors of Florida State joining the SEC, which could force the ACC to add a team. The musical chairs in college football continues.