This one seems to have quite a bit of smoke behind it. Also, the rumor is that BYU is already a done deal and the Big 12/14 is now transitioning to the Big East castoffs.
Potentially really great news for UC, UofL and WVU fans around here.
From what I'm able to piece together from the non-pay wall sites, there will be two 7-team divisions with three inter-division games each year. This works out rather elegantly, as UofL, UC and WVU slide in with Mizzou, Kansas, Kansas State and Iowa State to form the North/East division while Texas, Texas Tech, OU, Okie State, Baylor, TCU and BYU form the other half.