Here's how I think it will eventually play out:
Big 12 adds FSU and Clemson
Big 12 comes to agreement with Notre Dame to phase them in completely by 2016 (Olympic sports until then)
Big 12 invites Louisville who gives the Big East their 27 month notice to avoid a penalty payment and sinc up with Notre Dame
SEC invites V Tech and NC St to be the first to 16, wants to increase TV market for their planned network while remaining a regional conference
Big 12 invites G Tech and Pitt to be the second to 16, both schools have historic ties to ND
B!G invites Syracuse/Rutgers, Maryland, UNC and Virginia to be the third to 16
PAC will probably stay at 12 due to the availability of schools. If the BCS sets up a system that somehow favors 16 team conferences, they may add "football only associate members" to get there.
Conference semi-finals are adopted for 16 team conferences, champions go to the national round.
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