They plan to go forward with 10 teams (Colorado and Nebraska have already bailed), get rid of the North and South divisions, have every team play each other, and get rid of the conference championship game. And Texas gets permission to form its own Texas Television Network as well as a bigger cut of the conference financial pie.
"Colonial, take us back to DEFCON 5." (Cheers. High fives. Hugs. Knowing nods of approval.)