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Rumor is if the Big 12 were to lose a team, it's either going to be Missouri or Nebraska. Missouri fits the requirement of having to border a member college's state while Nebraska has been upset the past few years of the pro-Texas/pro-Big 12 South bias from the conference.
Notre Dame, like Army and Navy, is too deep into tradition of being an Independent to join a conference. If they wanted to join for the money or status of being in a BCS conference, they would have done it years ago. Only reason Notre Dame is in a conference for other sports is because those sports have playoffs and don't allow auto-bids to independent schools.
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