It seems likely that the Texas State University System Board of Regents will vote this Monday for Texas State (TXST) to accept the PAC-12's offer for conference membership. If I'm not mistaken, Oregon State athletic director Scott Barnes has said he's like 9 football schools so that each school will have 8 conference football games. 9 football schools would leave only 4 non-conference games to schedule in a 12 game regular season.
One idea that has floated recently is for Memphis to put their football team in the PAC-12 and the rest of their sports in the Big East. Parking the Olympic sports in the Big East would save on travel costs. While Memphis athletic director states that his goal is to put Memphis in a Power 4 conference, PAC-12/Big East membership would greatly help improve Memphis' "image". Then in 5 or 6 years when the next round of realignment takes place, Memphis could try to get recruited by the Big-12 or ACC.
1 minute 18 second Youtube video from earlier this week featuring Memphis A.D.:
Will Memphis join the Pac-12? | 24th Floor Sports
Now that the media deal of some kind has been announced and Texas State is on the way, the next thing to follow just might be whether or not Memphis joins the PAC-12/Big East.
Edit: Add this link, too, although this story may have already been posted...
Memphis AD addresses report of Tigers potentially joining Pac-12 in football, Big East in other sports