The ONLY way Texas can join the Big10 is if they are willing to become JUST another member, sharing equality with all other members. Texas would never join the conference or ANY other conference unless THEY can tell the league what to do. Texas is not about to JUST become another member of a conference. They will go independent first.
I, for one, would not want Texas in the Big10. They would cause a lot of trouble for the rest of the members...lots of trouble. PLUS, how does Texas fit in with the rest of the Big10 culturally? They don't. Noder dumm of course is a perfect fit but they won't join the Big10 until they absolutely have to. Joining the Big10 would mean they would just become another team in the Big10. They couldn't call their own shots and they aren't about to get into a Big10 schedule every year. With ND, the best thing that could happen would be for Michigan, Michigan State, and Purdue to drop their series. THAT would hurt the dummers.
You're absolutely correct, the financial equality was exactly the reason Texas isn't in the B1G today.
Personally, I agree, I don't want Texas in the B1G. However, you mention the cultural fit...On an academic level, they ARE a match with the B1G. Large state, research based university. And yes, they are also a match with the Pac12 schools, at least the Cali schools.
As for going independent, they really already are. They just have a convenient, built in scheduling group of schools they associate with, allowing them to make just enough money to keep them in that role.
As for ND, I agree with you, that the B1G schools should not schedule them. Delany tried to push that and was emphatically shot down by those schools. Its a big $ game for all of them.
Here's the bottom line for me...
If this is driven by $ as the primary factor, Texas & ND can best maximize their revenues as members of the B1G, simply because their membership likely allows the BTNetwork to go national. Additionally, the other TV contracts would likely double, triple or even quadruple. For this reason alone, I believe that when the next move is made to leave the ncaa, Texas & ND will become members of the B1G.