So I checked around to see if this had been brought up in the older threads but I didn't see it so I figure I'd point this out: apparently part of the Pitt to Big10 rumors suggest Pitt would join as a football only member. Here's where I saw it:
http://twitter.com/freakshowmikey
I don't know how to link to individual tweets but here's the one I saw:
@Bignup412 rumor going around that it might just be football in the big ten, no hoops
it is just a radio host but I'd say thus far his rumor has just as mmuch credibility as the original


A big part of Pitt's value (versus other schools) is that we could add another high-level team to the Big Ten Network basketball schedule. In fact, without Pitt basketball, I could see us losing money on a school by school basis. I highly doubt this.
On the other hand, it's on the Internet...