Don't be surprised if the Big 12 will drastically change in the next few years. It seems that they are playing our their current TV deal. I expect Texas and OU to bolt to another conference leaving the rest to create a new Big 12. If they happen to take another school or two with them, then the Big 12 could be really different. Houston would seem like an obvious replacement as another AAC school or two. They could always look at Boise State or BYU. But, we really need to put our best foot forward in the next few seasons as a complete AD to make ourselves more viable for the next step up.
This all assumes that the P5 doesn't become a whole new league of themselves which is always up for discussion.