Here is my take on what I could see happening.
Missouri, Nebraska, Pittsburgh, Rutgers, and Syracuse go to the Big Ten as rumored unless Notre Dame wakes up first and then they replace Pitt in that line up.
We form 4 divisions of 4 teams also as rumored. This makes the most sense for a 16 team conference. In football play each team in your division every year and two teams from each of the other divisions giving you a 9 game conference schedule. It also allows each team to play in each venue at least once every four years. Plus how profitable would the conference tournament be. The entire college football world would be watching. In basketball it works even better. Play each team in your division home and away for 6 games and each other team once for an 18 game conference schedule.
The Pacific 10 follows the Big Ten's example and expands to 16. The Pac 10 hired Kevin Weiberg for a reason. Weiberg was the the Big 12 commissioner until he left to work for the Big Ten Network. Now the Pac 10 has hired him to help set up a network of their own and help with expansion. He has a lot of connections in Texas and knows how profitable a conference network is. Plus from his time with the Big Ten he knows how to go about setting one up.
The Pac 10 adds Colorado, Utah, Kansas, Oklahoma, Texas, and Texas A&M.
This gives them 4 clean divisions.
- Oregon, Oregon State, Washington, and Washington State
- California, UCLA, USC, and Stanford
- Arizona, Arizona State, Colorado, and Utah
- Kansas, Oklahoma, Texas, and Texas A&M
This also gives them the following media markets. LA, San Francisco, San Diego, Seattle, Portland, Phoenix, Salt Lake City, Denver, Dallas-Fort Worth, Houston, San Antonio, Oklahoma City, and Kansas City.
That would help give them a network that could compete with the Big Ten's
In this senario the Big Ten's Network would include the following media Markets. New York, Philadelphia, Pittsburgh, Cleveland, Columbus, Cincinnati, Detroit, Indianapolis, Chicago, St. Louis, Kansas City, Omaha, Minneapolis, and Milwaukee.
This would give us the first two 16 team super conferences. The Big Ten already has it's own network and the Pac 10 looking at starting their own so these two conferences would be in the best position to profit the most from expansion. Whatever happens next with the SEC, ACC, and remaining Big East and Big 12 teams would be interesting.
If we eventually end up with four 16 team super conferences one or two teams currently in the BCS would be left out since that only creates 64 spots and their are currently 65 teams. If someone expands with a current non BCS team like Utah or BYU then two current BCS teams might be left out of the next realignment.
Four 16 team conferences would also set up nicely for a playoff. Each conference sends their champion for a 4 team tournament to determine the National Champion. This is why I could see Notre Dame waking up and taking a spot in the Big Ten before they miss out and end up in either an expanded 16 team ACC, SEC, or left out and unable to play for a national championship.