Despite the fact that they don't even have a good football program. That's in addition to all of the other big12 money they get. So stupid. Honestly they look smart.
It sucks for the rest of the conference because it weakens the conference but they don't care even if it leads to the destruction of the conference they will land in a good conference.
It also won't ever really hurt their playoff chances because unlike osu or TCU if Texas is in the discussion they will get the benefit of the doubt by the selection committee because they are Texas.