After losing two members, the Big XII also loses it's championship game. That's a pretty big loss combined. The logical next step to me would be expansion to get 1) the conference championship back and 2) expanding the geographical footprint and television reach.
So this means the next potential expansion project, other than possibly Utah to the PAC10 to fill their 12 team minimum to form a championship game would be for the Big X(II) to expand. There were unsubstantiated rumors today (an Austin sports radio twitter feed was hacked) that BYU and Air Force were headed to the Big X(II).
The question I pose to you, who would be worthy expansion targets for the Big X(II)? I think BYU wouldn't be a bad addition. Utah is one of the fastest growing states and BYU has a good share of that. A second team would be harder to nail down. TCU seems like a logical choice as they compete in several of the same sports the Big X(II) is good at (football and baseball particularly). Other options include Houston and SMU, but like TCU, it doesn't open them up to any new markets.
I kind of wonder if they wouldn't be interested in Memphis based on the recent FedEx news. It's extra money, a new market, a solid basketball school, and a meh football team. It's not that far outside of the current Big X(II) membership either, as Missouri borders Tennessee.
So it basically boils down to filling in holes geographically that offer no new market (TCU, SMU, Houston) or expanding the footprint (Utah, Memphis, some team I might be missing). What's your thoughts?