Not True. The Clowns would be sued because they would be the sole remaining members of the big 12. Cmon everyone has played pickup basketball where there is always one kid who doesn't get picked.You can't sue something that no longer exists. The only conference a school could sue is the one they are presently in. If the Big 12 folded with the Pac 12, SEC, and Big Ten each taking 1-3 teams and Texas goes independent for football then the Big 12 is gone and there is no one for any school without a new conference alignment to sue.
This Big 12 demise is Durn good entertainment. I got CF double paned with Oragnebloods twitter as I type.