That would probably end up being a fun conference to watch. No overly powerful school. Stanford, Cal, Washington state and Oregon State should hop on that cow wagon. The Big 12 would probably take them all.
I agree, but as Maroon Eagle has stated, I think Stanford (and probably Cal) would go independent over joining the Big 12.
Rumor this morning is that Oregon State and SDSU are in very preliminary talks with the Big 12 and, if accepted, would be taking a reduced a payout. Not sure how credible it is, but the folks tweeting about it have been pretty close on most of the other moves.
This seems kind of credible, at least on the Oregon State side, because:
ESPN has an automatic pro-rata with the Big 12 about adding existing Power 5 schools. Oregon State is still technically a Power 5 school.
ESPN will be completely cut out of the West Coast in 2024 if they don't pick up the rights to one of the remaining Pac-4 schools or MWC schools in some capacity.
While they don't get the ratings to support owning the media rights of an entire conference, ESPN still probably sees money left on the table for late night games.
Fox is probably not going to pay the Big 12 for any of the existing Pac-4 and definitely not paying for any MWC schools since they have the West Coast locked up between their existing Big Ten and MWC contracts.
So, Oregon State would probably get part of the ESPN pro-rata, but not the Fox portion.
Now... I'm not sure about SDSU. I don't know that moving to the Big 12 would justify their $34 Million exit fee to the MWC and I'm not sure that ESPN or Fox would pay to bring them in.