Apparently the Big East is considering it, says the New York Post. Yeah, Texas is nowhere near the rest of the conference, but this could be a brilliant move in the battle for BCS relevance.
I can't help but think of the Mountain West mortally wounding it's main rival, the WAC, by stealing it's best teams in order to stay in the hunt for BCS-AQ status. If there's a conference in danger of losing it's automatic-qualifying status, it's the Big East, and by stealing one of the Mountain West's best football programs they could simultaneously beef up their own conference and weaken the nearest up-and-comer. It would also give the Big East a foothold for recruiting in Texas, a state that seems to be overflowing with football talent.
Will it happen? It's hard to say, but as we have seen this summer as teams have jumped conferences seemingly at the drop of a hat, it is really hard to turn down money in college athletics these days.