And with the Big 12, in particular, there is too much money to dissolve the conference to start a new one. You'd lose the money Oklahoma and Texas are going to be paying, as well as the numerous NCAA credits that the Big 12 has collected over the last 7 years. You also lose your automatic berth into NY6 games, have no contract with the CFP committee (that could be rectified but there is no guarantee), and you lose your auto bids to NCAA tournaments (likely not an issue with quality of teams in various sports but still not ideal).