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If Memphis can't figure out a way into a power league in the next few years - and there's no imminent realignment moves expected at that level - there's likely to be a further exploration of some type of split conference affiliation.
Pac-12 officials have discussed, per sources, Memphis coming on as a football-only member. This idea was made public in reports in the fall by USA Today. The rest of that athletic department's sports would go to the Big East. This would allow Memphis to maximize basketball revenue against strong competition and save on the travel of nonrevenue sports going out West.”