Good point and a couple of the elite Big Ten schools may not accept UT’s conditions for joining their conference.
Texas could go independent and likely come out making even more money.
Texas in the Big Ten would be fun with regular games against Michigan, Ohio State, Penn State and Wisconsin.
However, joining the Big 10 would require a major attitude adjustment by the Longhorns. Two questions come to mind.
Is TX willing to share television revenue on an equal basis with, say, Northwestern or Indiana?
Is TX will to be (and consider itself) just another member of the conference, rather than the first among (supposed) equals as it was in the old SW Conference or the Big 12?
TX could go independent. The school has the money and fan base to survive standing alone, at least for a while. But history is moving against independents; even ND, I believe will find it difficult to survive as an independent in another decade or so.
Regular games between TX and Michigan, OSU, Penn State, etc would not just football games but major sporting events.