I've read a lot of articles with all kinds of speculation and this one still stands out to me. It just makes no sense for the Big 12 to fall apart completely because there is too much money on the table with the current TV contracts. While I don't have a copy of those contracts, I would assume that there are some teeth to it that would require the networks to pay out if they broke them for any reason. The Big 12 may not resemble what it does today in the future, but that doesn't mean it can't exist even without OU, aTm, and OSU.
Big 12 Television Contracts Likely to Protect League : Outkick The Coverage
Big 12 Television Contracts Likely to Protect League : Outkick The Coverage