ESPNU says the Pac10 is trying to tie their 2nd ranked team into the Alamo Bowl. I have to imagine this means the Big10 isn't trying to renew the contract (especially if it means Big10 4th vs Pac10 2nd). Don't know if the BigTen would try to move into the Holiday Bowl to face another Big12 team instead, or go elsewhere.
"The University of Illinois is also in turmoil. The university sports an Interim Chancellor, an Interim Athletic Director, and an Interim Football Coach; the game will be played at Soldier Field, making this an Illini Interim Home Game."