Chip Brown discussed some of this on the Flagship podcast this week.Texas should just win the conference this year to piss them off. lol
Essentially saying that if the Big12 alters it's current teams enough (ie by adding Pac12 teams), that could cause an alteration of the Grant of Rights contracts and that may be an opportunity for Texas and OU to depart.
With the new Big 12 president saying he is looking for a win-win with the Big 12 and Texas/OU, it seems possible that the Big12 makes a positive move for themselves and lets OU/Texas off the hook early.